By 2020, one in four Salvadorans lived abroad, with 88 percent residing in the United States. The remittances to GDP ratio was about 25 percent, highlighting the country's dependence on migration. This paper examines the effects of a major U.S. immigration enforcement program - Secure...

This study investigates the relationships between remittances, financial development, and economic growth in Western Balkan countries during 2002-2022. Employing a dynamic panel data approach, the research encompasses a multi-faceted regression strategy, including Ordinary Least Squares (OLS),...

This paper examines the role of financial development as a buffer for the appreciating effects of remittances on exchange rates using annual data from 1996 to 2021 for 146 economies, with a focus on 43 high remittance-receiving economies. A panel regression framework is employed in the baseline...

In existing empirical literature, the effect of remittances has most often been examined in relation to economic growth, poverty reduction, and employment in recipient countries. Unlike previous empirical studies, this paper focuses its analysis on the impact of remittances on unemployment in...

This paper analyses remittances in fifteeen Latin American countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Panama, Dominican Republic, Uruguay and Venezuela) by applying fractional integration methods to World Bank annual...

Remittances are a crucial part of economic expansion, especially in Central Asia. Nevertheless, it is not possible to ignore its environmental damage. This paper is a pioneer in investigating the association among CO2 emissions, remittances, energy consumption and economic development in Central...

The literature has mainly focused on analyzing the relationship of remittances with economic growth and social welfare, neglecting more complex aspects where remittances can have relevant implications. To contribute to the literature, the objective of this research is to examine the dynamic...

The United Arab Emirates (UAE) is often regarded as a preferred employment location for Indian migrant workers seeking improved financial stability and enhanced career opportunities. The spread of COVID-19 has led to a decline in international migration rates and an increase in the number of...

The relationship between climatic shocks, climate related disasters, and migration has received increasing attention in recent years and is quite controversial. One view suggests that climate change and its associated natural disasters increase migration. An alternative view suggests that...

How remittances contribute to the economies of remittance-receiving developing countries is a global issue. Considering Nepal as a highly remittance-receiving country, this paper primarily examines the impact of remittances on economic growth using annual time series data from 1980 to 2021. The...

Motivated by migration phenomena and wage-inflation spillovers, we investigate the relationship between the two and the inflationary remittances built-in pressures. We establish a feedback loop between migration and inflation, and specify a simple dynamic model to identify the pass-through. Our...

Remittances are an important source of external financing in Pakistan, amounting to around 10% of gross domestic product in 2021. As such, an appropriate understanding of the key macroeconomic drivers of remittances has important policy implications. Combining a database of bilateral remittances...

Remittances sent by refugees to their home countries has been a hotly debated policy topic in Germany over the past years and has led to the introduction of a payment card for asylum applicants. This Weekly Report investigates how the share of people living in Germany who send remittances abroad...

This paper examines the cyclicality of remittance inflows to economies in Asia and the Pacific, aiming to identify major factors associated with remittances using gravity models of bilateral remittances. An analysis that assesses correlation coefficients between the cyclical factors of...

This study adds to the body of literature by investigating the moderating effect of human capital in the association of financial development with macroeconomic volatility in a sample of Asian countries. From 1993 until 2021, annual panel data was collected. For empirical analysis, generalized...

Energy poverty represents a critical challenge in Latin America today, given the social disparities the region faces. In this context, this study focuses on exploring the effects of remittances on the energy poverty of 13 Latin American countries during the period 2000-2020. Panel estimations...

This paper examines the micro-level link between migrant remittances and state legitimacy. The paper argues that there are two theoretical channels through which remittances may ultimately erode state legitimacy. First, remittance income earners may use remittance income to bribe state...

The present study aims at investigating the nexus between unemployment and remittances in Ghana, with a focus on the gender perspective. Using time-series data spanning from 1990 to 2021, the ARDL model is estimated. According to the findings, remittances, inflation, FDI, exports of goods and...

I investigate the consequences of income fluctuations caused by commodity price changes on happiness levels in regions specialising in export agriculture. Using a difference-in-differences framework, I compare subjective well-being patterns of households living in cotton and non-cotton...

Platform economies are depicted as the foundation for a new era of economic production. This transpires through the incorporation of digital technologies and algorithmic operations into the heart of economic and financial practices. However, different assumptions are made about the effects of...

We develop a quantitative spatial equilibrium model with endogenous migration and remittance decisions within households to examine the joint effect of migration and remittances on economic development. We apply the model to internal migration in China. Counterfactual analysis of the calibrated...

Remittances have risen spectacularly in absolute terms and in relation to traditional sources of foreign exchange, such as export revenues. Remittances can improve the well-being of family members left behind and boost growth rates of receiving economies. They can also create a culture of...

Under the assumption of full employment, we probed the impact of labor emigration on wages, employment, and production in the capital- and labor-intensive sectors of the Philippines, represented by manufacturing and agriculture, respectively. We investigated whether deployment, remittances, and...