Financial liberalization and remittances: Recent panel evidence

Bang, James T.; Mitra, Aniruddha; Wunnava, Phanindra V.

doi:10.1080/09638199.2014.1001772

Cited by 22 publications

(17 citation statements)

References 62 publications

(70 reference statements)

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“…According to the obtained results, country risk encourages money sent home. This is in line with Bang et al (2013) and Lartey (2016) results but it is in contrast with the results of Singh (2012) who found that SSA countries with better and stable political systems would receive more remittances. However, Bettin, Lucchetti, and Zazzaro (2009) showed that the composite risk index has no effects on remittances.…”

Section: Determinants Of Remittancessupporting

confidence: 85%

“…Few studies have found a positive risk effect on remittances as evidence for altruism. In this case, remittances are sent to support families left behind (Bang, Mitra, & Wunnava, 2013). Lartey (2016) found that remittances have a negative relationship with institutional quality, which would not be consistent with the hypothesis that remittances are sent for investment purposes.…”

Section: Literature Review: Determinants Of Workers’ Remittances and mentioning

confidence: 99%

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The direct and indirect risk impacts on remittances: A cross‐regional specific effects

Sridi

Guetat

2020

African Development Review

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The main purpose of this paper is to study determinants of workers' remittances especially the impact of country risk based on a regional comparison of 121 countries subdivided into six areas over the period 1984-2015. We consider possible direct and indirect effects of different risk indexes. We particularly focus on the comparison of the regional effect of economic, political, and financial risks on remittances. To capture these effects, region-specific variables are introduced. The results show that remittances are more influenced by the risk indexes than other macroeconomic variables. Regional comparison indicates that remittance inflows are more sensitive to the different risks in the MENA region compared to other world regions. The financial risk is highlighted to have the largest impact on remittances in this region. 1 | INTRODUCTION During the past decade, workers' remittances were an important source of enrichment for developing countries, particularly in the Middle East and North Africa (MENA), with about 55 billion in 2017 (World Development Indicators [WDI], 2019). A great number of earlier studies have illustrated their importance for economic growth, poverty alleviation, and investment in receiving countries (

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Section: Determinants Of Remittancessupporting

confidence: 85%

Section: Literature Review: Determinants Of Workers’ Remittances and mentioning

confidence: 99%

The direct and indirect risk impacts on remittances: A cross‐regional specific effects

Sridi

Guetat

2020

African Development Review

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“…For this reason, low cost diets are associated with higher calorie intake at the expense of fewer nutrients [ 6 ], while healthier diets tend to be more expensive [ 11 , 12 , 13 , 14 ]. Additionally, the price of food has been found to be associated with blood cholesterol levels [ 15 ], blood glucose levels [ 16 ], and obesity [ 17 ]. While prior work has shown that higher quality diets cost more than poorer quality diets, there is little evidence examining the association between local food prices across multiple regions and overall diet quality.…”

Section: Introductionmentioning

confidence: 99%

Neighborhood Prices of Healthier and Unhealthier Foods and Associations with Diet Quality: Evidence from the Multi-Ethnic Study of Atherosclerosis

Kern

Auchincloss

Stehr

et al. 2017

IJERPH

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It is known that the price of food influences the purchasing and consumption decisions of individuals; however, little work has examined if the price of healthier food relative to unhealthier food in an individual’s neighborhood is associated with overall dietary quality while using data from multiple regions in the United States. Cross-sectional person-level data came from The Multi-Ethnic Study of Atherosclerosis (exam 5, 2010–2012, n = 2765); a food frequency questionnaire assessed diet. Supermarket food/beverage prices came from Information Resources Inc. (n = 794 supermarkets). For each individual, the average price of select indicators of healthier foods (vegetables, fruits, dairy) and unhealthier foods (soda, sweets, salty snacks), as well as their ratio, was computed for supermarkets within three miles of the person’s residential address. Logistic regression estimated odds ratios of a high-quality diet (top quintile of Healthy Eating Index 2010) associated with healthy-to-unhealthy price ratio, adjusted for individual and neighborhood characteristics. Sensitivity analyses used an instrumental variable (IV) approach. Healthier foods cost nearly twice as much as unhealthier foods per serving on average (mean healthy-to-unhealthy ratio = 1.97 [SD 0.14]). A larger healthy-to-unhealthy price ratio was associated with lower odds of a high-quality diet (OR = 0.76 per SD increase in the ratio, 95% CI = [0.64–0.9]). IV analyses largely confirmed these findings although—as expected with IV adjustment—confidence intervals were wide (OR = 0.82 [0.57–1.19]). Policies to address the large price differences between healthier and unhealthy foods may help improve diet quality in the United States.

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“…for Pakistan;Abiad et al (2010) for 91 economies of the world;Bang et al (2013) andKeshri and Bhagat (2013) for India; Akkoyunlu and Siliverstovs (2013) for Turkey; andImai et al (2014) for Asian economies. However, none of the studies investigates the impact of remittances on money demand.…”

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confidence: 99%

The role of remittances in the stability of money demand in Pakistan: A cointegration analysis

Ghumro

Zaini

2017

EKON ANAL

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The paper examines the dynamic relationship between the series of monetary aggregates M1 and M2 for the period 1972-2014. M1 and M2 are the dependent variables, while the explanatory variables are real income, discount rate, inflation rate, real exchange rate, and remittances. The ARDL bounds testing approach to cointegration is used to investigate the existence of long-run and short-run effects of remittances on monetary aggregates. The results show that remittances exert only positive effects on real narrow money demand in the end, suggesting that in Pakistan remittances are used for the purpose of consumption. Both money demand functions are stable in Pakistan, but the longrun effect of M1 remittances is a faster speed of adjustment to equilibrium (26.2%) than M2 remittances (21.3%). It is recommended that M1 be used as a monetary tool in Pakistan.

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Financial liberalization and remittances: Recent panel evidence

Cited by 22 publications

References 62 publications

The direct and indirect risk impacts on remittances: A cross‐regional specific effects

The direct and indirect risk impacts on remittances: A cross‐regional specific effects

Neighborhood Prices of Healthier and Unhealthier Foods and Associations with Diet Quality: Evidence from the Multi-Ethnic Study of Atherosclerosis

The role of remittances in the stability of money demand in Pakistan: A cointegration analysis

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