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Remittances and Development: Lessons from Latin America

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Author Info

  • Maurizio Bussolo
  • María Soledad Martínez Peria
  • César Calderón
  • Yira Mascaró
  • Mette E. Nielsen
  • Pablo Acosta
  • J. Humberto López
  • Çaglar Özden
  • Yoko Niimi
  • Luis Molina
  • Florencia Moizeszowicz
  • Emanuel Salinas
  • Pablo Fajnzylber
  • Mario Guadamillas
  • Massimo Cirasino
  • Pedro Olinto

Abstract

Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates. This publication belongs to the Latin American Development Forum Series (LADF), sponsored by the Inter-American Development Bank, the United Nations Economic Commission for Latin America and the Caribbean, and the World Bank.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 59678.

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Handle: RePEc:idb:brikps:59678

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Related research

Keywords: Remittances; Migration & Migrants; Latin American Development Forum; LADF; household behavior; dutch disease; conditional cash transfers; financial regulation;

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Citations

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Cited by:
  1. Dorothee Crayen & Christa Hainz & Christiane Ströh de Martinez, 2012. "Remittances, Banking Status and the Usage of Insurance Schemes," Ifo Working Paper Series Ifo Working Paper No. 137, Ifo Institute for Economic Research at the University of Munich.
  2. Luis E. Arango & Dolores de la Mata & Nataly Obando, 2014. "Echoes of the crises in Spain and US in the Colombian labor market: a differences-in-differences approach," Borradores de Economia 827, Banco de la Republica de Colombia.
  3. Gray Molina, George & Yañez, Ernesto, 2009. "The Moving Middle: Migration, Place Premiums and Human Development in Bolivia," MPRA Paper 19229, University Library of Munich, Germany.
  4. repec:idb:brikps:69798 is not listed on IDEAS
  5. Ganesh Seshan & Dean Yang, 2014. "Motivating Migrants: A Field Experiment on Financial Decision-Making in Transnational Households," NBER Working Papers 19805, National Bureau of Economic Research, Inc.
  6. Pablo A. Acosta & Emmanuel K.K. Lartey & Federico S. Mandelman, 2007. "Remittances and the Dutch disease," Working Paper 2007-08, Federal Reserve Bank of Atlanta.
  7. Martin-Mayoral, Fernando & Proaño, Maria Belén, 2012. "Las remesas en América Latina, ¿amenaza u oportunidad?
    [Remittances in Latin America, a threat or an opportunity?]
    ," MPRA Paper 43730, University Library of Munich, Germany.
  8. Taiwo Ajilore & Sylvanus Ikhide, 2012. "A Bounds Testing Analysis of Migrants Remittances and Financial Development in Selected Sub-Sahara African Countries," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 4(2), pages 079-096, December.
  9. Acosta, Pablo & Kim, Namsuk & Melzer, Illana & Mendoza, Ronald U. & Thelen, Nina, 2011. "Business and human development in the base of the pyramid: Exploring challenges and opportunities with market heat maps," Journal of World Business, Elsevier, vol. 46(1), pages 50-60, January.
  10. Augusto de la Torre & Eduardo Levy Yeyati & Samuel Pienknagura, . "Latin America’s Deceleration and the Exchange Rate Buffer : LAC Semiannual Report, October 2013," World Bank Other Operational Studies 16107, The World Bank.
  11. Eduardo Rodríguez-Montemayor & Pablo M. García, 2009. "A Primer of International Migration: The Latin American Experience," IDB Publications 9327, Inter-American Development Bank.
  12. Jeffrey A. Edwards & Jennis J. Biser, 2011. "The interactive effect of remittances and civil liberties on investment and consumption," International Journal of Development Issues, Emerald Group Publishing, vol. 10(1), pages 20-33, April.
  13. Abida Zouheir & Imen Mohamed Sghaier, 2014. "Remittances, Financial Development and Economic Growth: The Case of North African Countries," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(51), pages 137-170, March.
  14. Garcia, Pablo M & Rodriguez-Montemayor, Eduardo, 2010. "A primer of international migration: The Latin American experience and a proposal for a research agenda," MPRA Paper 24147, University Library of Munich, Germany.
  15. Michael Clemens and Timothy N. Ogden, 2014. "Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development- Working Paper 354," Working Papers 354, Center for Global Development.
  16. López-Videla, Bruno & Machuca, Carlos Emilio, 2014. "The Effects of Remittances on Poverty at the Household Level in Bolivia: A Propensity Score Matching Approach," MPRA Paper 55201, University Library of Munich, Germany.

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