Republic of Armenia
Although Armenia itself has a population of only about 3 million, an estimated 8 million Armenians live abroad. In this paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances play a significant role in the Armenian economy. They amount to between US$250 million and US$1 billion per year, and constitute from 25 percent to 80 percent of remittance receiversâ€™ incomes.
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Paper provided by International Monetary Fund in its series IMF Staff Country Reports
Date of creation:
11 Dec 2006Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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Related researchKeywords: Financial systems
; Inward remittances
; Monetary statistics
; Selected issues
; Tax reforms
; Tax revenues
; remittances inflows
; money transfers
; personal remittances
; remittances senders
; workers ? remittances
; macroeconomic effects of remittances
; effects of remittances
; granger causality
; impact of remittances
; amount of remittances
; types of remittances
; use of remittances
; average size of remittances
; money transfer
; increase in remittances
; money transfer systems
; estimates of remittances
; financial statistics
; effect of remittances
; degree of heterogeneity
; horizontal axis
; time series
; statistical analysis
; measurement of remittances
; send remittances
; amounts of remittances
; value of remittances
; sample sizes
; statistically significant effect
; recipients of remittances
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- David A. Grigorian & Hamid Reza Davoodi, 2007.
"Tax Potential vs. Tax Effort,"
IMF Working Papers
07/106, International Monetary Fund.
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