Worker Remittances and Capital Flows to Developing Countries
28 Pages Posted: 15 May 2004 Last revised: 14 Aug 2008
Date Written: April 2004
Abstract
Worker remittances constitute an increasingly important mechanism for the transfer of resources from developed to developing countries, and remittances are the second-largest source, behind foreign direct investment, of external funding for developing countries. Yet, literature on worker remittances has so far focused mainly on the impact of remittances on income distribution within countries, on the determinants of remittances at a micro-level, or on the effects of migration and remittances for specific countries or regions. The focus of this paper is thus on four questions: First, how important are worker remittances to developing countries in quantitative terms? Second, what are the determinants driving worker remittances? Third, how volatile are worker remittances to developing countries? Fourth, are remittances correlated to other capital flows?
Keywords: Remittances, capital flows, developing countries
JEL Classification: F22, F36, J61
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Are Immigrant Remittance Flows a Source of Capital for Development?
By Ralph Chami, Connel Fullenkamp, ...
-
The Optimal Migration Duration and Activity Choice after Re-Migration