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Remittances in the Pacific Region

Author

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  • Ms. Aiko Mineshima
  • Mr. Christopher Browne

Abstract

Remittances 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.

Suggested Citation

  • Ms. Aiko Mineshima & Mr. Christopher Browne, 2007. "Remittances in the Pacific Region," IMF Working Papers 2007/035, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/035
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    References listed on IDEAS

    as
    1. Ms. Prachi Mishra, 2006. "Emigration and Brain Drain: Evidence From the Caribbean," IMF Working Papers 2006/025, International Monetary Fund.
    2. Mr. Mohammed El Qorchi & Mr. Samuel Munzele Maimbo & Mr. John F. Wilson, 2003. "Informal Funds Transfer Systems: An Analysis of the Informal Hawala System," IMF Occasional Papers 2003/004, International Monetary Fund.
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    Cited by:

    1. International Monetary Fund, 2009. "Kiribati: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2009/196, International Monetary Fund.
    2. Hongjoo Hahm & Tientip Subhanij & Rui Almeida, 2021. "Finteching remittances in paradise: A path to sustainable development," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 8(3), pages 435-453, September.
    3. Thomas Birk & Kjeld Rasmussen, 2014. "Migration from atolls as climate change adaptation: Current practices, barriers and options in Solomon Islands," Natural Resources Forum, Blackwell Publishing, vol. 38(1), pages 1-13, February.
    4. Apergis, Nicholas & Cooray, Arusha, 2018. "Asymmetric real exchange rates and poverty: The role of remittances," Emerging Markets Review, Elsevier, vol. 35(C), pages 111-119.
    5. 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.
    6. Leisa Perch & Rathin Roy, 2010. "Social Policy in the Post-crisis Context of Small Island Developing States: a Synthesis," Working Papers 67, International Policy Centre for Inclusive Growth.
    7. Mirzosaid Sultonov, 2013. "The Macroeconomic Determinants of Remittance Flows from Russia to Tajikistan," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 19(4), pages 417-430, March.
    8. Ms. Huidan Huidan Lin, 2011. "Determinants of Remittances: Evidence From tonga," IMF Working Papers 2011/018, International Monetary Fund.

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