Do Workers Remittances Bring Economic Growth To Receiving Countries

Download Do Workers Remittances Bring Economic Growth To Receiving Countries full books in PDF, epub, and Kindle. Read online Do Workers Remittances Bring Economic Growth To Receiving Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Do Workers' Remittances Bring Economic Growth to Receiving Countries?

Author : Anna Miller
Publisher : GRIN Verlag
ISBN 13 : 365642750X
Total Pages : 14 pages
Book Rating : 4.6/5 (564 download)

DOWNLOAD NOW!

Book Synopsis Do Workers' Remittances Bring Economic Growth to Receiving Countries? by : Anna Miller

Download or read book Do Workers' Remittances Bring Economic Growth to Receiving Countries? written by Anna Miller and published by GRIN Verlag. This book was released on 2013-05-13 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Economics - Job market economics, grade: 64%, University of Nottingham (Economics), course: MSc in Applied Economics and Financial Economics, language: English, abstract: Besides foreign direct investment (FDI) and capital market flows, workers’ remittances are another external channel for capital flows. According to the OECD, remittances to developing countries amounted to US$ 149.4 billion in the year 2002. However, whereas FDI and capital market flows are subject to variation due to recessions in home countries, remittances are steadily rising every year (OECD, 2006), reaching an amount of about UD$ 300 billion in the year 2007 (Barajas et al., 2009). To give a brief definition, remittances are money transfers from migrants working abroad to their families in their home countries. Yet, the question is, do these remittances contribute to or boost economic growth in receiving countries or are they only a means to increase the migrants’ families’ welfare by directly reducing their poverty and raising the living standard (Rao and Hassan, 2011). In other words, are remittances mostly used for consumption or do they rather flow in education, and thereby contribute to the human capital, and in investments, thus increasing the capital stock in the economy (Giuliano and Ruiz-Arranz, 2009)? From the growth theory we know that consumption does not have any impact on growth, only investments, either in production or in human capital, can affect long-run growth. Evidence from Indonesia, Ecuador, and Argentina (Sayan, 2006) shows that remittances indirectly reduce volatility of growth of output in times of crises and increase the growth rate thereby (Rao and Hassan, 2011). In contrast, Sayan (2006) found that remittances are moving procyclically with out in recipient countries, boosting incomes during booms, but reducing them even more during recessions and thus magnifying the economic crisis. This paper examines the relationship between remittances and GDP growth using in a macro panel with 67 countries and a time period of 28 years, from 1975 through 2002, as well as a cross-section analysis for comparison. The goal of this analysis is to determine whether, and to what extent, remittances have an impact on long-term economic growth and, if so, whether this relation is significant or not.

Do Workers' Remittances Promote Economic Growth?

Author :
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!

Book Synopsis Do Workers' Remittances Promote Economic Growth? by :

Download or read book Do Workers' Remittances Promote Economic Growth? written by and published by . This book was released on 2009 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Economic Prospects 2006

Author :
Publisher : World Bank Publications
ISBN 13 : 082136345X
Total Pages : 182 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Global Economic Prospects 2006 by :

Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

Do Workers' Remittances Promote Economic Growth?

Author : Michael T. Gapen
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451873009
Total Pages : 22 pages
Book Rating : 4.8/5 (73 download)

DOWNLOAD NOW!

Book Synopsis Do Workers' Remittances Promote Economic Growth? by : Michael T. Gapen

Download or read book Do Workers' Remittances Promote Economic Growth? written by Michael T. Gapen and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-07-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to developing countries, often dwarfing other widely-studied sources such as private capital and official aid flows. While it is undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical question is whether they also serve to promote long-run economic growth. This study tackles this question and addresses the main shortcomings of previous empirical work, focusing on the appropriate measurement, and incorporating an instrument that is both correlated with remittances and would only be expected to affect growth through its effect on remittances. The results show that, at best, workers' remittances have no impact on economic growth.

The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages

Author : Hector Perez-Saiz
Publisher : International Monetary Fund
ISBN 13 : 1498324487
Total Pages : 37 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages by : Hector Perez-Saiz

Download or read book The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages written by Hector Perez-Saiz and published by International Monetary Fund. This book was released on 2019-08-16 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.

Macroeconomic Consequences of Remittances

Author : Connel Fullenkamp
Publisher : International Monetary Fund
ISBN 13 : 1451925255
Total Pages : 94 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis Macroeconomic Consequences of Remittances by : Connel Fullenkamp

Download or read book Macroeconomic Consequences of Remittances written by Connel Fullenkamp and published by International Monetary Fund. This book was released on 2008-03-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.

Are Immigrant Remittance Flows a Source of Capital for Development?

Author : Mr.Ralph Chami
Publisher : International Monetary Fund
ISBN 13 : 1451859635
Total Pages : 49 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!

Book Synopsis Are Immigrant Remittance Flows a Source of Capital for Development? by : Mr.Ralph Chami

Download or read book Are Immigrant Remittance Flows a Source of Capital for Development? written by Mr.Ralph Chami and published by International Monetary Fund. This book was released on 2003-09-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic uncertainty, there exists a significant moral hazard problem. The implication is that remittances have a negative effect on economic growth. We test this prediction using panel methods on a large sample of countries. The results indicate that remittances do have a negative effect on economic growth, which indicates that the moral hazard problem in remittances is severe.

Workers’ Remittances

Author : Mr.Adolfo Barajas
Publisher : International Monetary Fund
ISBN 13 : 1475535821
Total Pages : 25 pages
Book Rating : 4.4/5 (755 download)

DOWNLOAD NOW!

Book Synopsis Workers’ Remittances by : Mr.Adolfo Barajas

Download or read book Workers’ Remittances written by Mr.Adolfo Barajas and published by International Monetary Fund. This book was released on 2012-10-19 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances channel.

Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9290928336
Total Pages : 272 pages
Book Rating : 4.2/5 (99 download)

DOWNLOAD NOW!

Book Synopsis Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform by : Asian Development Bank

Download or read book Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-08-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication showcases the beginnings of the People‘s Republic of China–Asian Development Bank knowledge sharing platform, its context, activities, challenges, and lessons learned. It concludes by mapping out the next steps to bring it to its strategic mission.

Remittances

Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
ISBN 13 : 0821357948
Total Pages : 402 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Remittances by : Samuel Munzele Maimbo

Download or read book Remittances written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2005 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.

Migration and Remittances Factbook 2016

Author : Dilip Ratha
Publisher : World Bank Publications
ISBN 13 : 146480320X
Total Pages : 299 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Migration and Remittances Factbook 2016 by : Dilip Ratha

Download or read book Migration and Remittances Factbook 2016 written by Dilip Ratha and published by World Bank Publications. This book was released on 2016-04-08 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual flow can match or surpass foreign exchange reserves in many small countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign exchange reserves. India, China, Philippines and Mexico are the top recipients of migrant remittances. The Migration and Remittances Factbook 2016 attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. The Migration and Remittances Factbook 2016 updates the 2011 edition of the Factbook with additional data on bilateral migration and remittances and second generation diasporas, collected from various sources, including national censuses, labor force surveys, population registers, and other national sources.

Remittances and Development

Author : Pablo Fajnzylber
Publisher : World Bank Publications
ISBN 13 : 0821368710
Total Pages : 410 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Remittances and Development by : Pablo Fajnzylber

Download or read book Remittances and Development written by Pablo Fajnzylber and published by World Bank Publications. This book was released on 2008-02-08 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.

Workers' Remittances, Economic Growth and Poverty in Developing Asia and the Pacific Countries

Author : Juthathip Jongwanich
Publisher : United Nations Publications
ISBN 13 : 9789211205091
Total Pages : 0 pages
Book Rating : 4.2/5 (5 download)

DOWNLOAD NOW!

Book Synopsis Workers' Remittances, Economic Growth and Poverty in Developing Asia and the Pacific Countries by : Juthathip Jongwanich

Download or read book Workers' Remittances, Economic Growth and Poverty in Developing Asia and the Pacific Countries written by Juthathip Jongwanich and published by United Nations Publications. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of workers' remittances on growth and poverty reduction in developing Asia-Pacific countries using panel data over the period 1993-2003. The results suggests that, while remittances do have a significant impact on poverty reduction through increasing income, smoothing consumption and easing capital constraints of the poor, they have only a marginal impact on growth operating through domestic investment and human capital development.

Emigration and Its Economic Impact on Eastern Europe

Author : Mr.Ruben V Atoyan
Publisher : International Monetary Fund
ISBN 13 : 1475576366
Total Pages : 48 pages
Book Rating : 4.4/5 (755 download)

DOWNLOAD NOW!

Book Synopsis Emigration and Its Economic Impact on Eastern Europe by : Mr.Ruben V Atoyan

Download or read book Emigration and Its Economic Impact on Eastern Europe written by Mr.Ruben V Atoyan and published by International Monetary Fund. This book was released on 2016-07-20 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.

Macroeconomic Consequences of Remittances

Author : Connel Fullenkamp
Publisher : International Monetary Fund
ISBN 13 : 1589067010
Total Pages : 94 pages
Book Rating : 4.5/5 (89 download)

DOWNLOAD NOW!

Book Synopsis Macroeconomic Consequences of Remittances by : Connel Fullenkamp

Remittances by Emigrants

Author : Andrés Solimano
Publisher : Santiago : CEPAL, Economic Development Division
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (9 download)

DOWNLOAD NOW!

Book Synopsis Remittances by Emigrants by : Andrés Solimano

Download or read book Remittances by Emigrants written by Andrés Solimano and published by Santiago : CEPAL, Economic Development Division. This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Migrant Labor Remittances in South Asia

Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
ISBN 13 : 0821383515
Total Pages : 147 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Migrant Labor Remittances in South Asia by : Samuel Munzele Maimbo

Download or read book Migrant Labor Remittances in South Asia written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2005-06-01 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to a recent World Bank study of remittances, Bangladesh, India, Pakistan and Sri Lanka are all among the top 20 receivers of remittances, with estimated receipts of US$3.2 billion, US$8.4 billion and U.S$ 1.5 billion respectively. 'Migrant Labor Remittances in South Asia' identifies and discusses the key issues affecting the remittance industry in South Asia. It examines the development and implementation of policies, processes, and infrastructure to foster a development-oriented transfer of financial resources between migrants in developed economies and their families in the region. Rather than duplicate previous remittances work, this title only focuses on the region?s distinguishing characteristics, namely: --A large migrant population of semi-skilled and unskilled workers largely concentrated in the Arabian Gulf countries, particularly Saudi Arabia and the United Arab Emirates. --The presence of dedicated public institutions and government financial incentives aimed at facilitating and providing incentives for temporary migration and remittance inflows --The existence of large state bank branch networks with immense potential for a more effective and efficient remittance financial market. --The widespread usage of trade related informal remittance channels by both legal and illegal migrants. The book is intended for policymakers who legislate and regulate the financial sector, as well as for researchers and providers of remittance services.