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The Impact of Remittances on Economic Insecurity

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Author Info
Krishnan Sharma
Abstract

This paper illustrates that cross-country generalizations about the impact of remittances on economic security are useful only up to a certain point; beyond that their effect can be influenced by the interplay of various factors relating to the motivations and characteristics of migrants, economic/social/political conditions in the country of origin, immigration policies and conditions in the host country, and the size and concentrations of the remittances. The policy implications outlined in the paper include the need for caution and retrospection in certain instances as well as action and international collaboration in other areas.

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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 78.

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Length: 20 pages
Date of creation: Jul 2009
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Handle: RePEc:une:wpaper:78

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Related research
Keywords: remittances; macroeconomic insecurity; consumption; poverty; income distribution; savings; investment; incentives;

Find related papers by JEL classification:
F24 - International Economics - - International Factor Movements and International Business - - - Remittances
F22 - International Economics - - International Factor Movements and International Business - - - International Migration
F30 - International Economics - - International Finance - - - General
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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  1. Funkhouser, Edward, 1992. "Migration from Nicaragua: some recent evidence," World Development, Elsevier, vol. 20(8), pages 1209-1218, August. [Downloadable!] (restricted)
  2. Serdar Sayan, 2006. "Business Cycles and Workers' Remittances: How Do Migrant Workers Respond to Cyclical Movements of GDP at Home?," IMF Working Papers 06/52, International Monetary Fund. [Downloadable!]
  3. Amuedo-Dorantes, Catalina & Pozo, Susan, 2004. "Workers' Remittances and the Real Exchange Rate: A Paradox of Gifts," World Development, Elsevier, vol. 32(8), pages 1407-1417, August. [Downloadable!] (restricted)
  4. Akhtar Hossain, 1997. "The Real Exchange Rate, Production Structure, and Trade balance: The Case of Bangladesh," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 32(2), pages 155-177, July.
  5. Yang, Dean, 2005. "International migration, human capital, and entrepreneurship : evidence from Philippine migrants'exchange rate shocks," Policy Research Working Paper Series 3578, The World Bank. [Downloadable!]
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  6. Raghuram G. Rajan & Arvind Subramanian, 2005. "What Undermines Aid's Impact on Growth?," NBER Working Papers 11657, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Bugamelli, Matteo & Paterno, Francesco, 2005. "Do workers'remittances reduce the probability of current account reversals ?," Policy Research Working Paper Series 3766, The World Bank. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-23.

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