consider this correlation to be indicative of a causal link. First, we compare aid to remittances, an alternative form of …

-country interdependence of output volatility has evolved over the period 1955 to 2006. From a methodological perspective, we adopt a spatial … econometric approach, relating a country's output volatility to (distance weighted averages of) other countries' output volatility … results for the most recent period suggest that a uniform shock to output volatility in the world economy roughly …

In developing countries, the contribution of the growing amount of migrant remittances to development remains an … unsettled issue. At the macroeconomic level remittances do represent an external flow way above official aid and often in line … microeconomic level remittances raise incomes and have an impact on consumption expenses and therefore on welfare. They can also …