effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …

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 … problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with …

swamps remittances, this paper finds that remittances, which are a stable, private transfer, have a direct poverty mitigating … remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access … receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA …

The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of … conclusions are: (i) the growth in the inflow of workers' remittances to Pakistan is in large part due to an increase in worker … migration; (ii) higher skill levels of migrating workers have helped to boost remittances; (iii) other imporant determinants of …

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance … Middle East, North Africa, and Central Asia, three types of results emerge. First, remittances appear to be strongly … procyclical vis-à-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the … most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds … that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries …

There has been little systematic empirical study on the relationship between remittances and growth. This paper … attempts to examine this relationship. Using a newly constructed crosscountry of data series for remittances covering a large … sample of developing countries, we relate the interaction between remittances and financial development and its impact on …

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects … that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where …

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 …