Are Immigrant Remittance Flows a Source of Capital for Development? /

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 remitta...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Jahjah, Samir
Muut tekijät: Chami, Ralph, Fullenkamp, Connel
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2003.
Sarja:IMF Working Papers; Working Paper ; No. 2003/189
Linkit:Full text available on IMF
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245 1 0 |a Are Immigrant Remittance Flows a Source of Capital for Development? /  |c Samir Jahjah, Ralph Chami, Connel Fullenkamp. 
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300 |a 1 online resource (47 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Chami, Ralph. 
700 1 |a Fullenkamp, Connel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/189 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/189/001.2003.issue-189-en.xml  |z IMF e-Library