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This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided … between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the … timing of remittances. The results from selected empirical studies show that a mixture of individualistic and familial …
Persistent link: https://www.econbiz.de/10002693330
This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided … between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the … timing of remittances. The results from selected empirical studies show that a mixture of individualistic and familial …
Persistent link: https://www.econbiz.de/10013318640
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …
Persistent link: https://www.econbiz.de/10011929683
Persistent link: https://www.econbiz.de/10003667821
remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding … implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance … benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general - rather than …
Persistent link: https://www.econbiz.de/10012772835
remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding … implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance … benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general- rather than a …
Persistent link: https://www.econbiz.de/10014401824
Persistent link: https://www.econbiz.de/10008662330
Persistent link: https://www.econbiz.de/10003921064
I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics. --
Persistent link: https://www.econbiz.de/10013132110
The author argues that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics
Persistent link: https://www.econbiz.de/10013135079