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world''s largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region''s GDP … official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the …
Persistent link: https://www.econbiz.de/10014402983
This study provides an overview of tax structures in LAC before the COVID-19 pandemic, compares it to OECD countries, and provides recommendations for growth-friendly and inclusive tax policy reforms. LAC countries collect significantly lower tax revenue relative to OECD countries and have tax...
Persistent link: https://www.econbiz.de/10013170577
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...
Persistent link: https://www.econbiz.de/10011743070
remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor … resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration …
Persistent link: https://www.econbiz.de/10011704920
This paper explores the relationship between remittances and financial inclusion for a sample of 187 countries over the … period 2004-2015, using cross-country as well as dynamic panel GMM regressions. At low levels of remittances-to-GDP, these …
Persistent link: https://www.econbiz.de/10012251374
capital, but it also creates a flow of remittances and increases international connections in the form of trade, FDI, and …
Persistent link: https://www.econbiz.de/10012518988
The poverty-reducing effects of remittances have been well-documented, however, their effects on inequality are less … clear. This paper examines the impact of remittances on inequality in Mexico using household-level information on the … receiving side. It hopes to speak to their insurance role by examining how remittances are affected by domestic and external …
Persistent link: https://www.econbiz.de/10011866480
Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It...
Persistent link: https://www.econbiz.de/10014404337
This paper presents novel empirical evidence on the labor market integration of migrants across Europe. It investigates how successfully migrants integrate in 13 European countries by applying a unified framework to analyze a rich micro dataset with over ten million individuals surveyed between...
Persistent link: https://www.econbiz.de/10011932485
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/10014400314