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Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development


  • Settimo, Riccardo

    () (Economic Research – International Relations Department, Bank of Italy)


Workers’ remittances have become a significant component of financial flows to developing economies; for most Mediterranean countries, they are the main source of external finance. A large proportion of these transfers comes from Europe, with its communities of immigrants from the Mediterranean region. Conventional economic theory holds that remittances bring welfare benefits for the recipient countries; appropriate policy measures should therefore aim at facilitating cross-border transfers and enhancing the developmental impact of remittances. In this respect, there is a good deal of room for improvement in both the European sender countries and the Mediterranean recipients.

Suggested Citation

  • Settimo, Riccardo, 2005. "Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 58(1), pages 51-77.
  • Handle: RePEc:ris:ecoint:0118

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    More about this item


    Remittances; Mediterranean countries; Development; Euro- Mediterranean relations;

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers


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