Migrant Remittances and Household Welfare in Times of Macro-volatility
Author | : Peter Quartey |
Publisher | : |
Total Pages | : 78 |
Release | : 2006 |
Genre | : Cost and standard of living |
ISBN | : |
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Author | : Peter Quartey |
Publisher | : |
Total Pages | : 78 |
Release | : 2006 |
Genre | : Cost and standard of living |
ISBN | : |
Author | : Connel Fullenkamp |
Publisher | : International Monetary Fund |
Total Pages | : 94 |
Release | : 2008-03-11 |
Genre | : Business & Economics |
ISBN | : 1589067010 |
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.
Author | : Hector Perez-Saiz |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2019-08-16 |
Genre | : Business & Economics |
ISBN | : 1498324487 |
We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 182 |
Release | : |
Genre | : |
ISBN | : 082136345X |
International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 272 |
Release | : 2012-08-01 |
Genre | : Business & Economics |
ISBN | : 9290928336 |
This publication showcases the beginnings of the People‘s Republic of China–Asian Development Bank knowledge sharing platform, its context, activities, challenges, and lessons learned. It concludes by mapping out the next steps to bring it to its strategic mission.
Author | : Sanket Mohapatra |
Publisher | : World Bank Publications |
Total Pages | : 380 |
Release | : 2011-01-01 |
Genre | : Social Science |
ISBN | : 0821385534 |
Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.
Author | : Peter Quartey |
Publisher | : |
Total Pages | : 46 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : |
Author | : Serge-Christophe Kolm |
Publisher | : Elsevier |
Total Pages | : 752 |
Release | : 2006-07-19 |
Genre | : Business & Economics |
ISBN | : 0080478263 |
The Handbook on the Economics of Giving, Reciprocity and Altruism provides a comprehensive set of reviews of literature on the economics of nonmarket voluntary transfers. The foundations of the field are reviewed first, with a sequence of chapters that present the hard core of the theoretical and empirical analyses of giving, reciprocity and altruism in economics, examining their relations with the viewpoints of moral philosophy, psychology, sociobiology, sociology and economic anthropology. Secondly, a comprehensive set of applications are considered of all the aspects of society where nonmarket voluntary transfers are significant: family and intergenerational transfers; charity and charitable institutions; the nonprofit economy; interpersonal relations in the workplace; the Welfare State; and international aid. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys
Author | : Samuel Munzele Maimbo |
Publisher | : World Bank Publications |
Total Pages | : 402 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 0821357948 |
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Author | : Geraldine Adiku |
Publisher | : African Books Collective |
Total Pages | : 276 |
Release | : 2018-06-21 |
Genre | : Social Science |
ISBN | : 9988882920 |
Migration has assumed growing significance in the global development agenda as its potential for economic and social development is increasingly acknowledged. Within the Africa context, perceptions of migration as a negative phenomenon have shifted to recognition of its central role to Africas transformation. Despite this shift, emerging migration dynamics have not been adequately contextualized and conceptualized, making it difficult to integrate migration into development planning processes. This book attempts to fill the gaps in migration knowledge production, particularly from the perspectives of researchers in the global south and more specifically from Ghana. The chapters provide multi disciplinary perspectives in the contemporary migration landscape in Ghana and Africa. Rather than focus on migration as a problem to be solved, the chapters explore migration as an intrinsic part of the broader processes of structural change in Ghana, which could create opportunities for development if properly harnessed. This reader is an essential resource for migration and development researchers, students, policy makers, practitioners and others interested in the field of development.