Understanding Remittances

Rahman, Md Mizanur; Fee, Lian Kwen

doi:10.1057/9781137350800.0010

Cited by 5 publications

(6 citation statements)

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“…On the positive side, most remittances go directly to the migrant's family in the sending country and can help to reduce poverty within particular households. However, remittances can also increase inequality as it is often the wealthier that migrate and send back remittances, making the already better off relatively richer still (Ratha, 2004). Moreover, they rarely contribute to the production or investments that generate income or jobs (Newland, 2003).…”

Section: Remittancesmentioning

confidence: 99%

The Development Potential of Zimbabweans in the Diaspora

Bloch¹

2005

IOM Migration Research Series

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Section: Remittancesmentioning

confidence: 99%

The Development Potential of Zimbabweans in the Diaspora

Bloch¹

2005

IOM Migration Research Series

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“…For many transition and developing economies, remittances are the second largest source of external finance after foreign direct investments (Ratha, 2004;Schiopu and Siegfried, 2006 international remittances received by 24 transition economies were estimated at US$18.6 billion (Table 1). Similar estimates for transition economies are provided by Mansoor and Quillin (2007).…”

Section: Remittances and Their Economic Impactsmentioning

confidence: 99%

What Determines the Incidence and Size of Remittances: Evidence for Kosovo

Hoti

2015

CES

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Kosovo ranks highly both with regard to the rate of emigration of the labor force and the level of remittances to GDP. Given poor employment prospects in Kosovo, from an individual point of view emigration might be a strategy of escaping unemployment and contributing toward household incomes. In this paper, we investigate the determinants of the incidence and size of remittances among Kosovo's emigrants. We provide unique evidence that helps to better estimate aggregate spending and remittances in Kosovo. This is the first systematic study of these issues in this post-socialist and post-conflict economy.

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“…Opponents of remittances argue that remittances enlarge income inequality since rich families are more capable to send migrants oversea then they will remit more back home making their households even richer. Ratha (2004) indicated that large money inflows may weaken the receiving country's relative competitiveness in international trade due to an appreciation of real exchange rate. For small developing countries where remittance constructs a relatively higher share in their GDP, Catrinescua, Leon-Ledesmab, Pirachac, & Quillind (2009) confirmed the negative impact of remittances which not only restricts exports but also limits employment and output.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Second, the data only tallies remittances sent through official channels (e.g., commercial banks and money transfer operators). Given the extensive informal channels (e.g., cash in mail) for remittances in many developing countries, it is very likely to underestimate the total remittance flows (Ratha, 2004).…”

Section: Data Sources and Descriptionmentioning

confidence: 99%

Are Remittances to Sub-Saharan Africa Altruistic or for Self-Interest? Evidence from Kenya

Chen

Kagochi

2013

IJEF

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International remittances comprise significant financial inflow for many Sub-Saharan African (SSA) countries and provide considerable disposable income for the receiving households. There has, however, been no consensus on the motivation in the part of sending migrants in which explanations are divided between altruism and self-interest. The study employs Autoregressive Distributed Lag (ARDL) model with co-integration approach to investigate whether international remittances to Kenya can be explained by either altruistic or self-interest motive. We process the World Bank annual data from 1970 to 2010 and find that self-interest, not altruism, as the dominant motivation to determine remittances. The analysis also indicates that demand on housing and exchange rates are the two strong drivers of international remittances to Kenya in both short-run and long-run. The Kenyan government is supposed to facilitate savings from remittances through financial institutions to invest more in the small business sector for economic growth.

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Understanding Remittances

Cited by 5 publications

References 0 publications

The Development Potential of Zimbabweans in the Diaspora

The Development Potential of Zimbabweans in the Diaspora

What Determines the Incidence and Size of Remittances: Evidence for Kosovo

Are Remittances to Sub-Saharan Africa Altruistic or for Self-Interest? Evidence from Kenya

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