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Are Immigrant Remittance Flows a Source of Capital for Development
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TL;DR: In this paper, the authors developed a framework that links the motivation for remittances with their effect on economic activity and showed that remittance has a negative effect on the economic growth.
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Abstract: The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic uncertainty, there exists a significant moral hazard problem. The implication is that remittances have a negative effect on economic growth. We test this prediction using panel methods on a large sample of countries. The results indicate that remittances do have a negative effect on economic growth, which indicates that the moral hazard problem in remittances is severe.
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Citations
Migration and Financial Flows: Egypt in the MENA Region
Heba Nassar
- 01 Jan 2009
TL;DR: In this paper, the authors describe the evolution of the main financial inflows into the MENA region with a special focus on Egypt as an origin country for emigrants and migration remittances as a component of financial flows.
2
Transferts des migrants et offre de travail dans un modèle de signalisation
Claire Naiditch,Radu Vranceanu +1 more
TL;DR: In this paper, the authors investigate l'effet des transferts de fonds de migrants altruistes sur l'offre de travail des residents, sous la forme d'un jeu a deux periodes en asymetrie d'information concernant la vraie situation economique des residents.
2
Exploring the Nexus between Migrant Remittances and Economic Growth: A Study of Senegal
Samuel Maxime Coly,Pierre Mendy +1 more
TL;DR: In this paper, the authors assess the relationship between migrant remittances and economic growth in Senegal using an econometric approach using the ARDL bound testing method as an estimation technique.
2
Causas de la desventaja laboral de los jóvenes según datos de Europa sudoriental
Alexandre Kolev,Catherine Saget +1 more
TL;DR: The authors present una serie de principios con miras a mejorar los programas preventivos y paliativos destinados a la juventud, que han de enmarcarse en una estrategia macroeconomica favorable al empleo.
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