Migrant Remittances and Physical Investment Purchases: Evidence from Kenyan Households
利用肯尼亚家庭调查数据，以降雨变化和移动网络覆盖为工具变量，研究发现汇款对家庭购买实物投资有显著正向影响。
This paper investigates the impact of remittances on household decisions to purchase physical investments in Kenya using household survey data. An instrumental variables approach is employed using rainfall variation and mobile network coverage as instruments to control for the endogeneity of remittances. The empirical evidence obtained is suggestive of remittances having a positive and significant effect on the decisions by households to purchase physical investments.