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|z 9781451868913
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|a 1018-5941
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|a Dagher, Jihad.
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|a Remittances and Institutions :
|b Are Remittances a Curse? /
|c Jihad Dagher, Ralph Chami, Peter Montiel, Yasser Abdih.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (31 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper addresses the complex and overlooked relationship between the receipt of workers' remittances and institutional quality in the recipient country. Using a simple model, we show how an increase in remittance inflows can lead to deterioration of institutional quality - specifically, to an increase in the share of funds diverted by the government for its own purposes. Empirical testing of this proposition is complicated by the likelihood of reverse causality. In a cross section of 111 countries we document a negative impact of the ratio of remittance inflows to GDP on domestic institutional quality, even after controlling for potential reverse causality. We find that a higher ratio of remittances to GDP is associated with lower indices of control of corruption, government effectiveness, and rule of law.
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|a Mode of access: Internet
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|a Abdih, Yasser.
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|a Chami, Ralph.
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|a Montiel, Peter.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/029
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/029/001.2008.issue-029-en.xml
|z IMF e-Library
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