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The macroeconomics of remittances : the case of Tajikistan /
The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the stru...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Collectivité auteur: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund, Policy Development and Review Dept.,
2006.
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| Collection: | IMF working paper ;
WP/06/2. |
| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context. |
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| Description matérielle: | 1 online resource (24 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 23-24). |
| ISBN: | 1283516438 9781283516433 9781451907988 1451907982 |