Remittances, exchange rate regimes, and the Dutch disease: A panel data analysis

Using disaggregated sectorial data, this study shows that rising levels of remittances have spending effects that lead to real exchange rate appreciation and resource movement effects that favor the nontradable sector at the expense of tradable goods production. These characteristics are two aspects of the phenomenon known as Dutch disease. The results further indicate that these effects operate more strongly under fixed nominal exchange rate regimes.

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Year of publication:	2008
Authors:	Lartey, Emmanuel K. K. ; Mandelman, Federico S. ; Acosta, Pablo A.
Publisher:	Atlanta, GA : Federal Reserve Bank of Atlanta
Subject:	Rücküberweisung (Migranten) \| Dutch Disease \| Kaufkraftparität \| Theorie \| El Salvador \| Dutch disease \| real exchange rate \| exchange rate regimes \| remittances \| panel data \| system generalized method of moments

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Series:	Working Paper ; 2008-12
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	572551290 [GVK] hdl:10419/70751 [Handle]
Classification:	F24 - Remittances ; F31 - Foreign Exchange ; O10 - Economic Development. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010292357