Remittances provide resilience against disasters in Africa
How responsive are remittances to various disasters, both natural and human-made? And would remittances be affected by systemic financial crises (such as the 2008/09 financial crisis)? Using panel data on 23 Sub-Saharan African (SSA) countries over the period 1980 to 2007, we find that remittances are slow to respond to natural disasters, unresponsive to outbreaks of conflict, and will decline, albeit slowly, after a global financial crisis only to the extent that the crisis affects incomes, migration stocks, exchange rates, and the banking system. The relative persistence of remittances suggests that it is a good bulwark against natural disasters and global financial crises in SSA.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box 616, 6200 MD Maastricht|
Phone: (31) (0)43 3883875
Fax: (31) (0)43 3216518
Web page: http://www.merit.unu.edu/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Raju Jan Singh & Kyung-woo Lee & Markus Haacker, 2009.
"Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa,"
IMF Working Papers
09/216, International Monetary Fund.
- Raju Jan Singh & Markus Haacker & Kyung-woo Lee & Ma�lan Le Goff, 2011. "Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 20(2), pages 312-340, March.
- Maëlan Le Goff & Markus Haacker & Kyung-Woo Lee & Raju Jan Singh, 2011. "Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa," Post-Print halshs-00569044, HAL.
- Freund, Caroline & Spatafora, Nikola, 2008. "Remittances, transaction costs, and informality," Journal of Development Economics, Elsevier, vol. 86(2), pages 356-366, June.
- Ratha, Dilip & Mohapatra, Sanket & Plaza, Sonia, 2008. "Beyond aid : new sources and innovative mechanisms for financing development in Sub-Saharan Africa," Policy Research Working Paper Series 4609, The World Bank.
- Barrios, Salvador & Bertinelli, Luisito & Strobl, Eric, 2003.
"Dry Times in Africa: Rainfall and Africa's Growth Performance,"
5705, University Library of Munich, Germany.
- BARRIOS, Salvador & BERTINELLI, Luisito & STROBL, Eric, 2003. "Dry times in Africa: Rainfall and Africa's growth performance," CORE Discussion Papers 2003061, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-18, October.
- David Antonio C., 2011.
"How do International Financial Flows to Developing Countries Respond to Natural Disasters?,"
Global Economy Journal,
De Gruyter, vol. 11(4), pages 1-38, December.
- Antonio David, 2010. "How do International Financial Flows to Developing Countries Respond to Natural Disasters?," IMF Working Papers 10/166, International Monetary Fund.
- Albert Bollard & David McKenzie & Melanie Morten, 2009.
"The Remitting Patterns of African Migrants in the OECD,"
CReAM Discussion Paper Series
0921, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
- Bollard, Albert & McKenzie, David & Morten, Melanie, 2010. "The remitting patterns of African migrants in the OECD," Policy Research Working Paper Series 5260, The World Bank.
- John Page & Sonia Plaza, 2006. "Migration Remittances and Development: A Review of Global Evidence," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 15(2), pages 245-336, December.
- Sanket Mohapatra & George Joseph & Dilip Ratha, 2012.
"Remittances and natural disasters: ex-post response and contribution to ex-ante preparedness,"
Environment, Development and Sustainability,
Springer, vol. 14(3), pages 365-387, June.
- Mohapatra, Sanket & Joseph, George & Ratha, Dilip, 2009. "Remittances and natural disasters : ex-post response and contribution to ex-ante preparedness," Policy Research Working Paper Series 4972, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:unm:unumer:2012026. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ad Notten)
If references are entirely missing, you can add them using this form.