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Migrant Remittances Provide Resilience Against Disasters in Africa

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  • Wim Naudé

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  • Henri Bezuidenhout

    ()

Abstract

How responsive are migrant remittances to various disasters, both natural and human-made? Would remittances be affected by systemic financial crises, such as the 2008–09 financial crisis, or more recent crises affecting the Eurozone? Using panel data on 23 sub-Saharan African (SSA) countries from 1980 to 2007, we find that remittances are slow to respond to natural disasters, unresponsive to outbreaks of conflict, and will slowly decline following a systemic financial crisis. This suggests that, given its stability, remittances are sources of resilience in SSA. Copyright International Atlantic Economic Society 2014

Suggested Citation

  • Wim Naudé & Henri Bezuidenhout, 2014. "Migrant Remittances Provide Resilience Against Disasters in Africa," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(1), pages 79-90, March.
  • Handle: RePEc:kap:atlecj:v:42:y:2014:i:1:p:79-90
    DOI: 10.1007/s11293-014-9403-9
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    File URL: http://hdl.handle.net/10.1007/s11293-014-9403-9
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    Citations

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    Cited by:

    1. Giulia Bettin & Alberto Zazzaro, 2016. "The Impact of Natural Disasters on Remittances to Low- and Middle-income Countries," CSEF Working Papers 431, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.

    More about this item

    Keywords

    Remittances; Migration; Disasters; Global financial crisis; Africa; F24; F22; O55;

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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