Remittances in the Pacific Region
AbstractRemittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/35.
Date of creation: 01 Feb 2007
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-DEV-2007-03-24 (Development)
- NEP-SEA-2007-03-24 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mohammed El Qorchi & Samuel Munzele Maimbo & John F. Wilson, 2003. "Informal Funds Transfer Systems," IMF Occasional Papers 222, International Monetary Fund.
- Prachi Mishra, 2006. "Emigration and Brain Drain," IMF Working Papers 06/25, International Monetary Fund.
- Feeny, Simon & Iamsiraroj, Sasi & McGillivray, Mark, 2014. "Growth and Foreign Direct Investment in the Pacific Island countries," Economic Modelling, Elsevier, vol. 37(C), pages 332-339.
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