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We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio … remittance inflows. The main result is that inclusion of remittances into the traditional debt sustainability analysis alters the …
Persistent link: https://www.econbiz.de/10012677866
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
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506
for poverty alleviation. Although there are likely to be substantial efficiency gains from tariff reductions, these accrue …
Persistent link: https://www.econbiz.de/10012677559
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth …: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a … poverty-reducing pattern of growth in relative incomes. I empirically decompose changes in poverty in a large sample of …
Persistent link: https://www.econbiz.de/10005605055
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...
Persistent link: https://www.econbiz.de/10009654140
have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and … how this relationship varies depending on the channel of transmission from remittances to aid. Buoyant remittances could … remittances may dampen donors' incentive to scale up aid. Concurrently, remittances could be positively associated with aid if …
Persistent link: https://www.econbiz.de/10009369450
This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient … remittances; the share of consumption in tradables; and the sensitivity of a country’s risk premium to remittance flows. Panel …
Persistent link: https://www.econbiz.de/10008777033