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which remittances affect economic activity. The empirical evidence does not clearly support the purported short …
Persistent link: https://www.econbiz.de/10005604780
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial...
Persistent link: https://www.econbiz.de/10008777032
swamps remittances, this paper finds that remittances, which are a stable, private transfer, have a direct poverty mitigating … remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access … receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA …
Persistent link: https://www.econbiz.de/10005826522
estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be … commonly believed. Most strikingly, remittances do not seem to increase in the wake of a natural disaster and appear aligned … with the business cycle in the home country, suggesting that remittances may not play a major role in limiting …
Persistent link: https://www.econbiz.de/10005768761
undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical …Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to … is both correlated with remittances and would only be expected to affect growth through its effect on remittances. The …
Persistent link: https://www.econbiz.de/10008528660
effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …
Persistent link: https://www.econbiz.de/10004999978
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit …
Persistent link: https://www.econbiz.de/10005248213
With official development assistance (ODA) set to rise as countries strive to meet the Millennium Development Goals (MDGs), aid effectiveness remains an important area of development policy. An increasing number of studies support the notion that ODA can contribute to growth in a nonlinear...
Persistent link: https://www.econbiz.de/10005605240
poverty. It finds that growth has been increasingly driven by higher factor productivity and that a continuation of recent … 1995 has resulted in a significant decline of poverty and that prospects are favorable for Tanzania to attain its … objectives for reducing income poverty by 2015. …
Persistent link: https://www.econbiz.de/10005264079
poverty and inequality. We find that the epidemic lowers average income and increases poverty, and that the jump in poverty is … larger than expected from the fall in average income. This disproportionate increase in poverty reflects the large share of … the population living on the threshold of poverty and the higher HIV prevalence rates in those segments of the population. …
Persistent link: https://www.econbiz.de/10005825925