A Gravity Model of Workers' Remittances /

This paper creates the first dataset of bilateral remittance flows for a limited set of developing countries and estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be explained by a few gravity variables. The evidence on the...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Lueth, Erik
Awduron Eraill: Ruiz-Arranz, Marta
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2006.
Cyfres:IMF Working Papers; Working Paper ; No. 2006/290
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781451865509 
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100 1 |a Lueth, Erik. 
245 1 2 |a A Gravity Model of Workers' Remittances /  |c Erik Lueth, Marta Ruiz-Arranz. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (20 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 This paper creates the first dataset of bilateral remittance flows for a limited set of developing countries and estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be explained by a few gravity variables. The evidence on the motives to remit is mixed, but altruism may be less of a factor than commonly believed. Most strikingly, remittances do not seem to increase in the wake of a natural disaster and appear aligned with the business cycle in the home country, suggesting that remittances may not play a major role in limiting vulnerability to shocks. To encourage remittances and maximize their economic impact, policies should be directed at reducing transaction costs, promoting financial sector development, and improving the business climate. 
538 |a Mode of access: Internet 
700 1 |a Ruiz-Arranz, Marta. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/290 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/290/001.2006.issue-290-en.xml  |z IMF e-Library