Leveraging migration and remittances for development

Ratha, Dilip

doi:10.18356/b1d84fc4-en

Cited by 141 publications

(208 citation statements)

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“…According to a study by IFAD, remittances now "exceed the combined volume of overseas development assistance and foreign direct investment" (IFAD 2007). Dilip Ratha underscores this point, noting that, when informal money transfer networks are included in global estimates, remittances may be as much as 50 per cent larger than official estimates (Ratha 2007). Remittances account for more than 30 per cent of gross This money also has a "multiplier" effect on economies (UNDP 2005).…”

Section: Gdpandthemultipliereffectmentioning

confidence: 99%

Realizing the Development Potential of Diasporas

Sharma¹,

Kashyap²,

Montes³

et al. 2013

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Section: Gdpandthemultipliereffectmentioning

confidence: 99%

Realizing the Development Potential of Diasporas

Sharma¹,

Kashyap²,

Montes³

et al. 2013

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“…The second reason is related to the fall in transaction fees for sending money (Ratha, 2007) resulting from the extension of new information and communication technologies which encouraged migrants to send more money and more frequently.…”

Section: Introductionmentioning

confidence: 99%

The effects of remittances outflows on economic growth in Saudi Arabia: Empirical evidence

Rahmouni¹,

Debbiche²

2017

J. Econ. Int. Finance

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Within the last decade, the Kingdom of Saudi Arabia (KSA) achieved a high economic rate of growth of about 5.5% per year. Consequently, the number of immigrants grew rapidly reaching 9 million, which resulted in an increase in worker remittances out of the Kingdom. Since then, the KSA has become one of the first countries of the world in terms of remittances outflows and coming third worldwide after the USA and Russia in 2014 as remittances totaled 37 billion dollars, about 5% of the gross domestic product (GDP) and have doubled within 6 years. This research tries to measure the effects of these remittances on the economic growth of Saudi Arabia during the period 1970 to 2014 by using standard growth model augmented by the amount of remittances outflows. The Autoregressive Distributed Lag approach to Error correction modeling (ARDL-ECM) was used in order to estimate a short and long relation between remittances and gross domestic product (GDP) in Saudi Arabia in the studied period. The main result is that, both in the long and the short term, remittances outflows have no significant effect on GDP. This could be attributed to their decreasing share relative to GDP.

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“…On South-South migration, the Dutch Ministry of Foreign Affairs (2008) avers that 47% of all migrants from developing countries are in other developing countries and sub-Saharan Africa has the highest South-South migrants, with 67% of international migrants. Globally, apart from emigrants from Latin America and the Caribbean, about half of emigrants move within the same continent and, with about 65% emigrants, sub-Saharan Africa has the highest intra -continental or South-South regional emigration in the world (Ratha, Mohapatra, Ôzden, Plaza, Shaw & Shimeless, 2011). Within Africa, Côte d'Ivoire (8%) is the leading destination country for African emigrants, with South Africa (6%) in second place (Ratha et al, 2011:15).…”

Section: Introductionmentioning

confidence: 99%

“…The main drivers of intra-African emigration are job opportunities, arbitrary colonial borders and internal and cross-border conflicts (Ratha et al, 2011:18). Most emigration occurs across neighbouring countries; 66% of it in Southern Africa, with South Africa as the magnet (Ratha et al, 2011 Following this introduction, the rest of the article is organised into four sections. Section one examines various hypotheses and theories on migration, which is essential for holistic understanding of this phenomenon.…”

Section: Introductionmentioning

confidence: 99%