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111.
The Sustainable Development Goals have refocused attention on ways of providing external finance to support development. Because they have different motivations and work through different modalities, remittances, foreign direct investment (FDI), and official development assistance may be expected to have different consequences for economic growth. Existing empirical evidence suggests that both positive and negative effects are associated with each source of finance. We use both a dynamic panel model and a fixed effects model to calculate the overall effects of each source of finance in isolation and taken together over the period 1976–2015. We include a range of control variables to allow for other potential influences on economic growth. We disaggregate the effects across geographical regions and income levels to test for heterogeneity. We also undertake a series of robustness checks. Our results suggest that FDI has a significant positive effect on economic growth, whereas remittances have a significant and negative effect. The effect of foreign aid is more ambiguous but is usually insignificant. The article offers an interpretation of the results drawing on ideas from the relevant theory. 相似文献
112.
Remittances can transmit volatility from host to home countries for some common patterns of diaspora's geographical distribution. In a migration portfolio model, the overall risk of volatility of any set of diaspora location is decomposed into a contagion and a concentration risks: a diaspora located in more volatile destinations induces a higher contagion risk, while a diaspora located in few destination countries increases the concentration risk. A series of estimations on a large panel of developing countries over 1995–2015 provide evidence for these two risks. Estimation of a structural model confirms that the geography of diaspora has an indirect impact on the origin country's aggregate instability through remittances. 相似文献
113.
Slobodan Djajić Michael S. Michael 《The journal of international trade & economic development》2013,22(3):454-475
This article examines the interaction between migration policies of the host and source countries in the context of a model of guest-worker migration. For the host, the objective is to provide low-cost labor for its employers while avoiding illegal immigration. It optimizes over these objectives by setting the time limit of a guest-worker permit. The source country seeks remittance flows and return migration by offering fiscal benefits to returnees. Within this framework, we solve for the Nash equilibrium values of the migration policy instruments and compare them, to the extent possible, with the ones that emerge in a cooperative setting. 相似文献
114.
Remittances may influence household expenditures, poverty rates, development and investments in the receiving country. Using World Bank survey data from Ethiopia, Uganda and Kenya, the influence of remitters’ and recipients’ characteristics on remittance amounts and allocation is examined. Effects of the remitter–receiver characteristics on remittance amounts are generally similar between countries. Such similarities imply a potential similar effect of policies in these countries. Age, household income, frequency of communication, family relations with remitter and country the recipient resided in influence remittance allocation. Recipients in Ethiopia and Uganda are more likely to allocate remittance towards savings than those in Kenya. 相似文献
115.
The study uses a unique survey of remittance‐receiving individuals from Tajikistan to study the impact of policy awareness on consumer behavior. The results show that knowledge of deposit insurance encourages the use of formal channels for transmitting remittances and reduces dollarization. Given the size and importance of remittances in Tajikistan, improving financial literacy and better publicizing details of the social safety net may encourage a more frequent use of formal channels for transferring remittances and reduce reliance on foreign exchange for transaction purposes. This is likely to improve bank profitability, enhance financial stability, and improve access to finance. 相似文献
116.
In causal analysis, path models are an appropriate tool for studying relationships between social phenomena. However, they
assume linear linkages between variables, and hence they are not always suitable for describing the complexity and richness
of relationships in social phenomena. The aim of this work is to propose an exploratory graphical method to evaluate if the
phenomena under analysis are actually characterized by non-linear linkages. In particular, the method is well suited to discovering
interactions between the observed variables in path models. The proposed approach, which does not depend on any hypothesis
on the error distribution, is based on a series of plots that can be easily interpreted and drawn using standard statistical
software. As an additional feature, the plots – which we call joint effect plots – support qualitative interpretation of the
non-linear linkages after the path model has been specified. Finally, the proposed method is applied within a case study.
Non-linearities are explored in a casual model aiming to find the determinants of remittances of a group of Tunisian migrants
in Italy. 相似文献
117.
The interaction between migration, development and rural democratization is not well understood. Exit is usually understood as an alternative to voice, but the Mexican experience with cross-border social and civic action led by hometown associations suggests that exit can also be followed by voice. This article explores migrant impacts on hometown civic life, focusing on voice and bargaining over community development investments of collective remittances that are matched by government social funds. The most significant democratizing impacts include expatriate pressures on local governments for accountability and greater voice for outlying villages in municipal decision-making. 相似文献
118.
Regan Deonanan 《Applied economics》2017,49(5):403-416
Do remittances promote stronger democratic institutions in developing countries? We study the effect of workers’ remittances on the quality of democracy in developing countries, and examine how government spending mediates the effect of workers’ remittances on the quality of democratic institutions. Using a dynamic panel estimator on data from 133 developing countries over 1972–2012, we find that workers’ remittances improve the quality of democratic institutions. We also find that workers’ remittances are more effective in promoting democratic institutions in developing countries with low government spending. 相似文献
119.
Luca Pieroni;Melcior Rossello Roig; 《The World Economy》2024,47(6):2361-2399
We estimate the effect of the granting of European Union (EU) citizenship rights on the flow of remittances from Italy. We use the EU enlargements of 2007 and 2013 as natural experiments. The results show a negative impact on remittance flows. The effect of the 2007 EU enlargement shows how Romanian and Bulgarian citizens reduced the average annual amount of remittances by 1400 Euros per year per migrant. In the case of the 2013 EU enlargement, we find a smaller decrease of about 50 Euros per year per Croat. These results are consistent after a series of robustness checks. We analyse this decline in depth to the extent that remittances are an important source of monetary flows in transition economies. We find that both the change in the taxonomy of immigrants from the new Member States and the improvement of economic conditions in the country of origin after the EU accession provide suggestive evidence on plausible mechanisms behind our results. 相似文献
120.
Lankoande Lamoussa Seydou 《Revue africaine de developpement》2023,35(2):126-137
The objective of this research was to analyze the effects of remittances on food security in sub-Saharan Africa (SSA), while assessing the role of governance. The analyses covered a panel of 26 SSA countries over the period from 2002 to 2017. Based on the double least squares method, two main results were obtained. On the one hand, remittances have a positive effect on overall food security and on each of its dimensions in SSA. On the other hand, this positive effect of remittances on food security and its dimensions is increasingly important when the quality of governance improves. 相似文献