Remittances and Macroeconomic Volatility in African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittances and Macroeconomic Volatility in African Countries write by Ahmat Jidoud. This book was released on 2015-03-02. Remittances and Macroeconomic Volatility in African Countries available in PDF, EPUB and Kindle. This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittances—as a share of GDP—have a significant smoothing impact on output volatility but their impact on consumption volatility is somewhat small. Furthermore, remittances are found to absorb a substantial amount of GDP shocks in these countries. An investigation of the theoretical channels shows that the stabilization impact of remittances essentially hinges on two channels: (i) the size of the negative wealth effect on labor supply induced by remittances and, (ii) the strength of financial frictions and the ability of remittances to alleviate these frictions.
Remittances and Macroeconomic Volatility in African Countries
Remittances and Macroeconomic Volatility in African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittances and Macroeconomic Volatility in African Countries write by Ahmat Jidoud. This book was released on 2015-03-02. Remittances and Macroeconomic Volatility in African Countries available in PDF, EPUB and Kindle. This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittances—as a share of GDP—have a significant smoothing impact on output volatility but their impact on consumption volatility is somewhat small. Furthermore, remittances are found to absorb a substantial amount of GDP shocks in these countries. An investigation of the theoretical channels shows that the stabilization impact of remittances essentially hinges on two channels: (i) the size of the negative wealth effect on labor supply induced by remittances and, (ii) the strength of financial frictions and the ability of remittances to alleviate these frictions.
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa write by Kyung-woo Lee. This book was released on 2009-10-01. Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa available in PDF, EPUB and Kindle. The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.
Remittance Concentration and Volatility: Evidence from 72 Developing Countries
Remittance Concentration and Volatility: Evidence from 72 Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittance Concentration and Volatility: Evidence from 72 Developing Countries write by Amr Hosny. This book was released on 2020-01-17. Remittance Concentration and Volatility: Evidence from 72 Developing Countries available in PDF, EPUB and Kindle. This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate economic volatilities in recipient countries. Results are robust to global shocks affecting both source and recipient countries, and volatility in the remittance-sending country.
The Global Financial Crisis and Workers' Remittances to Africa
The Global Financial Crisis and Workers' Remittances to Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Global Financial Crisis and Workers' Remittances to Africa write by Mr.Ralph Chami. This book was released on 2010-01-01. The Global Financial Crisis and Workers' Remittances to Africa available in PDF, EPUB and Kindle. Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It forecasts remittance declines into African countries of between 3 and 14 percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The estimated impact on GDP for relatively remittance-dependent countries is 2 percent for 2009, but will likely be short-lived, as host country income is projected to rise in 2010.
