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Workers' Remittances.
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Autres auteurs: | , , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Washington :
International Monetary Fund,
2012.
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| Collection: | IMF Working Papers.
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| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and causal. Moreover, the econometric analysis reveals that remittance flows are more effective in channeling economic downturns than upswings from the sending countries to remittance-receiving economies. The analysis suggests that measures of openness and spillovers could be enhanced by accounting for the ro. |
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| Description matérielle: | 1 online resource (26 pages) |
| ISBN: | 9781475599886 1475599889 |