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Do Remittances to Latin America Dependon the U.S. Business Cycle?
Gradzka, Ewa; Roache, Shaun K. - International Monetary Fund (IMF) - 2007
We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S....
Persistent link: https://www.econbiz.de/10005605152
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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2008
in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and …
Persistent link: https://www.econbiz.de/10005263996
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Comparative Macroeconomic Dynamics in the Arab World; A Panel Var Approach
Kireyev, Alexei - International Monetary Fund (IMF) - 2000
The paper presents a comparative analysis of macroeconomic dynamics of 18 Arab countries based on a panel vector autogression estimation. Comparing growth performance, fiscal and current account developments in these countries, the study concludes that (1) in the short run, external and...
Persistent link: https://www.econbiz.de/10005825740
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Public Capital and Output Growth in Portugal; An Empirical Analysis
Ligthart, Johanna Elisabeth - International Monetary Fund (IMF) - 2000
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long-term determinant of output growth. The size of the...
Persistent link: https://www.econbiz.de/10005826148
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Oil and Growth in the Republic of Congo
Ghura, Dhaneshwar; Bhattacharya, Rina - International Monetary Fund (IMF) - 2006
This paper investigates the linkages between oil and growth in Congo, where there appears to be no evidence of direct spillover effects. The empirical results suggest however that political instability has a negative effect on non-oil growth, and that the presence of oil could have fueled...
Persistent link: https://www.econbiz.de/10005826404
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Fiscal Sustainability and the Fiscal Reaction Function for South Africa
Jooste, Charl; Cuevas, Alfredo; Stuart, Ian C.; Burger, … - International Monetary Fund (IMF) - 2011
How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has...
Persistent link: https://www.econbiz.de/10009019588
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Republic of Armenia; Selected Issues
International Monetary Fund (IMF); International … - 2006
paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of … remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances …
Persistent link: https://www.econbiz.de/10011244293
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A Theory of Workers' Remittances with An Application to Morocco
Bouhga-Hagbe, Jacques - International Monetary Fund (IMF) - 2004
. The model is applied to Morocco using co-integration techniques. The paper then discusses the stability of remittances in … potential motives behind workers' remittances. It shows that the level of workers' remittances depends on how great are their …
Persistent link: https://www.econbiz.de/10005825932
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Altruism and Workers' Remittances; Evidence From Selected Countries in the Middle East and Central Asia
Bouhga-Hagbe, Jacques - International Monetary Fund (IMF) - 2006
Workers' remittances have been playing an increasingly important role in the balance of payments of many countries and …' remittances to agricultural GDP, which is used as an indicator of economic "hardship" in the home country, evidence suggests that … altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and Tunisia in …
Persistent link: https://www.econbiz.de/10005769292
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Are Workers' Remittances a Hedge Against Macroeconomic Shocks? the Case of Sri Lanka
Ruiz-Arranz, Marta; Lueth, Erik - International Monetary Fund (IMF) - 2007
decline when the island's currency weakens, undermining their usefulness as shock absorber. On the other hand, remittances …. The procyclicality of remittances calls into question the notion that remittances are largely motivated by altruism. …
Persistent link: https://www.econbiz.de/10005605060