Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
Résumé
This paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa. It assembles the most comprehensive data set available so far on remittances in the region; it comprises data for 36 countries for 1990 through 2008, and incorporates newly available data on the size and location of the diaspora.We find that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave counter-cyclically, 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.
Domaines
Economies et financesFormat du dépôt | Notice |
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Type de dépôt | Article dans une revue |
Titre |
en
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
|
Résumé |
en
This paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa. It assembles the most comprehensive data set available so far on remittances in the region; it comprises data for 36 countries for 1990 through 2008, and incorporates newly available data on the size and location of the diaspora.We find that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave counter-cyclically, 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.
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Auteur(s) |
Maëlan Le Goff
1
, Markus Haacker
1
, Kyung-Woo Lee
2
, Raju Jan Singh
3
1
CERDI -
Centre d'Études et de Recherches sur le Développement International
( 945 )
- 65 boulevard François Mitterrand, 63009 Clermont-Ferrand
- France
2
Columbia University [New York]
( 75524 )
- Columbia University in the City of New York, 2960 Broadway, New York, NY 10027-6902
- États-Unis
3
WB -
World Bank
( 145319 )
- États-Unis
|
Comité de lecture |
Oui
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Vulgarisation |
Non
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Langue du document |
Français
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2011
|
Volume |
20
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Numéro |
2
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Page/Identifiant |
312-340
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Mots-clés (JEL) |
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Domaine(s) |
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Référence interne |
|
Mots-clés |
ro
cerdi
|
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