UID:
edocfu_9958066540202883
Format:
1 online resource (47 p.)
ISBN:
1-4623-7392-5
,
1-4527-2483-0
,
1-282-84421-0
,
9786612844218
,
1-4518-7363-8
Series Statement:
IMF working paper ; WP/09/216
Content:
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.
Note:
Description based upon print version of record.
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Remittances in Sub-Saharan Africa; 1. Remittances by Major Regi; 2. Main Recipients of Remittances; III. Macroeconomic Aspects of Remittances: A Review of the Literature; A. Determinants of Remittances; B. Remittances and Economic Growth; IV. Empirical Analysis; A. Data; 1. Summary Statistics for Variables Used as Determinants of Remittances; 2. Summary Statistics for Variables Used in Growth and Investment Equations; 3. Correlations between Variables Used as Determinants of Remittances
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4. Correlations between Variables Used in Growth and Investment EquationsB. Empirical Approach; C. Results; 5. Determinants of Remittances; 6. Impact of Remittances on Growth; V. Conclusions; A. List of Variables & Countries Used for the Empirical Analysis; B. Construction of the Stock of Expatriates Data; References; Footnotes
Language:
English
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