This paper addresses the complex and overlooked relationship between the receipt of workers' remittances and …, even after controlling for potential reverse causality. We find that a higher ratio of remittances to GDP is associated …

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 …

which remittances affect economic activity. The empirical evidence does not clearly support the purported short …

Empirical studies that use self-reported data on remittances to measure the latter's impact on microeconomic incentives …-reporting of remittances. After controlling for this, we find a strong negative impact of remittances on incentives to work. …

remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding … implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance … benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general- rather than a …

decline when the island's currency weakens, undermining their usefulness as shock absorber. On the other hand, remittances …. The procyclicality of remittances calls into question the notion that remittances are largely motivated by altruism. …

world's largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region's GDP … official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the …

Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries …' remittances flows into 12 developing countries over their respective business cycles during 1976-2003 and finds that …