The hidden economy: A new view of remittances in the arab world

Choucri, Nazli

doi:10.1016/0305-750x(86)90013-6

Cited by 90 publications

(25 citation statements)

References 1 publication

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“…Mazzucato et al (2005) estimate that unregistered remittances coming into Ghana can amount to two-thirds of total remittances sent. This estimate concurs with worldwide estimates by Choucri (1986) and Russell (1986). It is thus likely that remittances coming into Ghana from migrants overseas in 2003 are closer to US $3 billion, or more than 40 per cent of Ghana's GDP.…”

Section: Ghanaian Migrants' Engagement In Ghanasupporting

confidence: 84%

The Double Engagement: Transnationalism and Integration. Ghanaian Migrants’ Lives Between Ghana and The Netherlands

Mazzucato¹

2008

Journal of Ethnic and Migration Studies

165

150

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Section: Ghanaian Migrants' Engagement In Ghanasupporting

confidence: 84%

The Double Engagement: Transnationalism and Integration. Ghanaian Migrants’ Lives Between Ghana and The Netherlands

Mazzucato¹

2008

Journal of Ethnic and Migration Studies

165

150

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“…10 However, the "multiplier effects" of remittances deserve special mention here. For example, construction workers, timber producers, and day laborers benefit if remittances are used for home building (Choucri 1986). One study of the Mexican economy found that each remitted dollar generates $4 in demand for goods and services (Durand, Parrado, and Massey 1996).…”

Section: Causes and Consequencesmentioning

confidence: 99%

Migrant Remittances and Exchange Rate Regimes in the Developing World

Singer

2010

Am Polit Sci Rev

122

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This article argues that the international financial consequences of immigration exert a substantial influence on the choice of exchange rate regimes in the developing world. Over the past two decades, migrant remittances have emerged as a significant source of external finance for developing countries, often exceeding conventional sources of capital such as foreign direct investment and bank lending. Remittances are unlike nearly all other capital flows in that they are stable and move countercyclically relative to the recipient country's economy. As a result, they mitigate the costs of forgone domestic monetary policy autonomy and also serve as an international risk-sharing mechanism for developing countries. The observable implication of these arguments is that remittances increase the likelihood that policy makers adopt fixed exchange rates. An analysis of data onde factoexchange rate regimes and a newly available data set on remittances for up to 74 developing countries from 1982 to 2006 provides strong support for these arguments. The results are robust to instrumental variable analysis and the inclusion of multiple economic and political variables.

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“…Many remitters are oil producers, such as the Gulf Cooperation Council countries and Russia, potentially making remittance flows susceptible to movements in oil prices. Moreover, economies that are dependent on remittance inflows tend to be oil importers (see, e.g., Ahmed, ; Choucri, ). Hence, oil prices may have important consequences for both remitter and remittee economies, apart from the role of remittances.…”

Section: Introductionmentioning

confidence: 99%

International remittances, migration and primary commodities

Snudden

2018

World Economy

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This paper documents the global crude oil market as a key driver of international migration and remittances. Structural estimation documents that crude oil supply and demand shocks induce sizeable remittances flows. The sign and magnitude of remitter outflows differ across countries and structural shocks. A multilateral global general equilibrium model is used to show how oil‐exporting remitters generate international remittance and migration spillovers from crude oil price movements. Remittees’ economic outcomes from remittances and migration channels are found to be dominated by terms of trade channels for shocks to the global market for crude oil. Due to this, studies of remittance flows need to account for the source of the commodity price movement if using the correlation between remittee real GDP and remittance inflows.

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The hidden economy: A new view of remittances in the arab world

Cited by 90 publications

References 1 publication

The Double Engagement: Transnationalism and Integration. Ghanaian Migrants’ Lives Between Ghana and The Netherlands

The Double Engagement: Transnationalism and Integration. Ghanaian Migrants’ Lives Between Ghana and The Netherlands

Migrant Remittances and Exchange Rate Regimes in the Developing World

International remittances, migration and primary commodities

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