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Migrant Remittances Provide Resilience Against Disasters in Africa

  • Wim Naudé

    ()

  • Henri Bezuidenhout

    ()

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

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File URL: http://hdl.handle.net/10.1007/s11293-014-9403-9
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Article provided by International Atlantic Economic Society in its journal Atlantic Economic Journal.

Volume (Year): 42 (2014)
Issue (Month): 1 (March)
Pages: 79-90

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Handle: RePEc:kap:atlecj:v:42:y:2014:i:1:p:79-90
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  1. Cynthia Buckley & Erin Trouth Hofmann, 2012. "Are Remittances an Effective Mechanism for Development? Evidence from Tajikistan, 1999--2007," Journal of Development Studies, Taylor & Francis Journals, vol. 48(8), pages 1121-1138, February.
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