Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa /

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 di...

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Bibliographic Details
Main Author: Singh, Raju
Other Authors: Haacker, Markus, Lee, Kyung-woo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/216
Online Access:Full text available on IMF
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245 1 0 |a Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa /  |c Raju Singh, Kyung-woo Lee, Markus Haacker. 
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520 3 |a 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, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth. 
538 |a Mode of access: Internet 
700 1 |a Haacker, Markus. 
700 1 |a Lee, Kyung-woo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/216 
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