Migration, remittances and accumulation of human capital with endogenous debt constraints

Destrée, Nicolas; Gente, Karine; Nourry, Carine

doi:10.1016/j.mathsocsci.2021.03.008

Cited by 6 publications

(3 citation statements)

References 43 publications

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“…18 While migration from developing counties may be associated with brain drain and adversely affect the development prospects in these countries (unless there is a return of many migrants to their home countries after some years in their host countries) (see Dustmann et al, 2011), the remittances sent by migrants to their home countries can contribute to improving economic growth (e.g., Bahadir et al, 2018;Cazachevici et al, 2020;Destrée et al, 2021), promoting economic development (e.g., Piteli et al, 2019), reducing the instability of households consumption (e.g., Combes and Ebeke, 2011) and contribute to dampening output volatility (e.g., Bugamelli and Paternò, 2011). For the Random effects estimator, standard errors are clustered at the country level.…”

Section: Referencesmentioning

confidence: 99%

Productive Capacities, Economic Growth and Economic Growth Volatility in Developing Countries: Does Structural Economic Vulnerability Matter?

Gnangnon

2021

J. Intl Econ. Comm. Policy.

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Recent years’ global shocks (e.g., the 2008 financial crisis and the COVID-19 pandemic) and environmental shocks — such as natural disasters — have heightened the vulnerability of developing countries to future shocks, and can compromise their development prospects. International institutions and researchers have advocated that the strengthening of productive capacities in these countries would help enhance the resilience of their economies to shocks, and promote sustainable development. This paper has examined the effect of productive capacities on economic growth and economic growth volatility in developing countries, in particular when they face a high level of structural economic vulnerability. The analysis covers 117 developing countries over the period of 2000–2018. It shows that productive capacities not only promote economic growth, but also reduce economic growth volatility. On the other hand, structural economic vulnerability reduces economic growth (in particular when it exceeds a certain level), and induces greater volatility of economic growth. Interestingly, productive capacities promote economic growth and reduce economic growth volatility in countries that face a high degree of structural economic vulnerability. These findings support the recommendation by international institutions and researchers that if they were to enhance the resilience of their economies to shocks, and promote sustainable economic growth, developing countries (in particular the poorest ones) should strengthen their productive capacities.

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Section: Referencesmentioning

confidence: 99%

Productive Capacities, Economic Growth and Economic Growth Volatility in Developing Countries: Does Structural Economic Vulnerability Matter?

Gnangnon

2021

J. Intl Econ. Comm. Policy.

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“…Recent works have pointed out that international remittances contribute much more to improving food security than internal remittances (e.g., Mora-Rivera and van Gameren, 2021). The literature has also established that remittances inflows contribute to fostering economic growth and welfare (e.g., Bahadir et al, 2018;Cazachevici et al, 2020;Destrée et al, 2021;Nyamongo, 2012), increasing investment in human and physical capital (e.g., Azizi, 2018;Adams and Cuecuecha, 2015), reducing poverty (e.g., Adams and Cuecuecha, 2015;de la Fuente, 2010;Gupta et al, 2009), and enhancing women autonomy (e.g., Green et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Effect of the External Shocks on the Predictability of Remittances flows from Developed Countries

KIMM

2022

Preprint

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The present analysis has explored the effect of external shocks on the predictability of remittances outflows, by relying on an unbalanced panel of 24 developed countries over the period of 1996–2020. Results are obtained from the use of the fixed effects estimator, and indicate that external shocks reduce the predictability of remittances outflows, with a higher effect on the positive predictability of these capital outflows than on the negative predictability of these capital outflows. The negative effect of external shocks on the predictability of remittances outflows operates through the economic growth channel, with the magnitude of this negative effect being higher in countries with low economic growth rates. External shocks enhance the predictability of remittances outflows in less developed countries among advanced economies, but reduce it in relatively more advanced economies. Finally, external shocks reduce the predictability of remittances outflows in countries that experience a decline in the migrants inflows. This finding has implications for the economic and development prospects of the countries of origin of migrants.

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Section: Introductionmentioning

confidence: 99%

Effect of the External Shocks on the Predictability of Remittances flows from Developed Countries

KIMM

2022

Preprint

View full text Add to dashboard Cite

The present analysis has explored the effect of external shocks on the predictability of remittances outflows, by relying on an unbalanced panel of 24 developed countries over the period of 1996-2020. Results are obtained by means of the within fixed effects estimator, and indicate that external shocks reduce the predictability of remittances outflows, with a higher effect on the positive predictability of these capital outflows than on the negative predictability of these capital outflows. The negative effect of external shocks on the predictability of remittances outflows operates through the economic growth channel, with the magnitude of this negative effect being higher in countries with low economic growth rates. External shocks enhance the predictability of remittances outflows in less developed countries among advanced economies, but reduce it in relatively more advanced economies. Finally, external shocks reduce the predictability of remittances outflows in countries that experience a decline in the migrants inflows. This finding has implications for the economic and development prospects of the countries of origin of migrants.

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Migration, remittances and accumulation of human capital with endogenous debt constraints

Cited by 6 publications

References 43 publications

Productive Capacities, Economic Growth and Economic Growth Volatility in Developing Countries: Does Structural Economic Vulnerability Matter?

Productive Capacities, Economic Growth and Economic Growth Volatility in Developing Countries: Does Structural Economic Vulnerability Matter?

Effect of the External Shocks on the Predictability of Remittances flows from Developed Countries

Effect of the External Shocks on the Predictability of Remittances flows from Developed Countries

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