Remittances have become an effective source of balance of payment sustainability in several small countries in Latin America, and thus a particular concern among developmental economists is the source driving remittances into this region. This paper studies the properties and cyclical nature of...

Analysis of remittances lies in the very centre of the scientific debate on developmental impacts of migration. On the macro level money sent back home may serve as an important source of capital (as compared to the value of export, Development Assistance or Foreign Direct Investment) but also...

Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...

The objective of thispaper is to investigate the effect of migrant remittances on human capital investments in remittance receiving countries. Prior studies have generally focused on the effects of remittances on consumption and poverty reduction, without much effort given to human capital...

This paper examines the effectiveness of remittances and official development assistance (ODA) in developing countries. It compares the outcomes of aid poured into the economies of the Third World for decades without any visible effect and remittances transferred by emigrants to their countries...

How responsive are remittances to various disasters, both natural and human-made? And would remittances be affected by systemic financial crises (such as the 2008/09 financial crisis)? Using panel data on 23 Sub-Saharan African (SSA) countries over the period 1980 to 2007, we find that...

This paper investigates the effect of international remittances and migration on household welfare in Ethiopia. We employ both subjective a households subjective economic well-being and objective measures asset holdings and asset accumulation to define household welfare. A matching approach is...

This study provides an analysis of the costs and benefits of emigration for Georgia, with an emphasis on emigration to the EU. In the concluding section we dwell on the consequences of a possible liberalization of EU migration policies with regard to Eastern Partnership (EaP) countries, and how...

The sending of remittances is a decentralised decision of migrant workers, nevertheless it has its macroeconomic implication in providing insurance against domestic output shocks in the recipient economies – a phenomenon known in literature as risk sharing. Using a large sample of 86...