The Macroeconomics of Remittances: the Case of Tajikistan

 
Author/Editor: Kireyev, Alexei
 
Publication Date: January 01, 2006
 
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Summary: The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context.
 
Series: Working Paper No. 06/2
Subject(s): Workers remittances | Tajikistan | Labor mobility

Author's Keyword(s): Remittances | labor mobility | international migration | Tajikistan
 
English
Publication Date: January 01, 2006
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2006002 Pages: 26
Price:
US$15.00 (Academic Rate:
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