Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Released on by Kyung-woo Lee
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  • Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa Book Detail

  • Author : Kyung-woo Lee
  • Release Date : 2009-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 28
  • ISBN 13 : 1451873638
  • File Size : 28,28 MB
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Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa by Kyung-woo Lee PDF Summary

Book Description: 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.

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Remittance Markets in Africa

Remittance Markets in Africa

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Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countr