Showing 1 - 10 of 616
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital. What...
Persistent link: https://www.econbiz.de/10012465131
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...
Persistent link: https://www.econbiz.de/10013172161
benefits as well as costs. Among the former, one of the most important is lower costs for migrants' remittances. Some of the …
Persistent link: https://www.econbiz.de/10012696398
By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light … on the important hypothesis of smoothing. The smoothing hypothesis is that remittances are countercyclical with respect … affirmation of smoothing is important for two reasons. First, it suggests that remittances should be placed on the list of …
Persistent link: https://www.econbiz.de/10012463230
peso leads to increases in household remittances received from overseas. The estimated elasticity of Philippine …-peso remittances with respect to the Philippine/foreign exchange rate is 0.60. These positive income shocks lead to enhanced human …
Persistent link: https://www.econbiz.de/10012466340
in Mexico due to migration. The principal hypothesis of this study is that remittances, knowledge and experience … remittances and socioeconomic conditions of the communities. In a third section the effect over time is estimated, relating per … significant relation between per capita income growth and the percentage of households that receive remittances across communities …
Persistent link: https://www.econbiz.de/10012467247
We examine the effect of remittances from abroad on households' schooling decisions using data for El Salvador …. Following the massive war-related emigration of the 1980's, remittances became a significant source of household income … income from a source that is uncorrelated with parental schooling remittances , we find that remittances have a large …
Persistent link: https://www.econbiz.de/10012468932
Using new data matching remittances and monthly payroll disbursals, we demonstrate how fluctuations in migrants …' earnings in the United Arab Emirates affect their remittances. We consider three types of income fluctuations that are … observable by families at home: seasonalities, weather shocks and a labor reform. Remittances move with all of these income …
Persistent link: https://www.econbiz.de/10012457680
This paper tests how migrants' willingness to remit changes when given the ability to direct remittances to educational … commitment of simply labeling remittances as being for education, to the hard commitment of having funds directly paid to a … raises remittances by more than 15 percent. Adding the ability to directly send this funding to the school adds only a …
Persistent link: https://www.econbiz.de/10012457827