Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

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...

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Main Authors:	Singh, Raju Jan, Haacker, Markus, Lee, Kyung-woo, Le Goff, Maelan
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Remittances F240 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 International Linkages to Development Role of International Organizations O190 Institutions and Growth O430
Online Access:	http://hdl.handle.net/10986/4946

id	okr-10986-4946
recordtype	oai_dc
spelling	okr-10986-49462021-04-23T14:02:20Z Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa Singh, Raju Jan Haacker, Markus Lee, Kyung-woo Le Goff, Maelan Remittances F240 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 International Linkages to Development Role of International Organizations O190 Institutions and Growth O430 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. 2012-03-30T07:30:30Z 2012-03-30T07:30:30Z 2011 Journal Article Journal of African Economies 09638024 http://hdl.handle.net/10986/4946 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Remittances F240 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 International Linkages to Development Role of International Organizations O190 Institutions and Growth O430
spellingShingle	Remittances F240 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 International Linkages to Development Role of International Organizations O190 Institutions and Growth O430 Singh, Raju Jan Haacker, Markus Lee, Kyung-woo Le Goff, Maelan Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
geographic_facet	Africa
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	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.
format	Journal Article
author	Singh, Raju Jan Haacker, Markus Lee, Kyung-woo Le Goff, Maelan
author_facet	Singh, Raju Jan Haacker, Markus Lee, Kyung-woo Le Goff, Maelan
author_sort	Singh, Raju Jan
title	Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
title_short	Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
title_full	Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
title_fullStr	Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
title_full_unstemmed	Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
title_sort	determinants and macroeconomic impact of remittances in sub-saharan africa
publishDate	2012
url	http://hdl.handle.net/10986/4946
_version_	1764393350381699072

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

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