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Loading... Remittances an automatic output stabilizer?by Ralph Chami
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Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent on these income flows. Using a sample of 70 countries, including 16 advanced economies and 54 developing countries, we find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)338.9669Social sciences Economics Production Economic Development And Growth Africa West Africa NigeriaLC ClassificationRatingAverage: No ratings.Is this you?Become a LibraryThing Author. |