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Author/Editor:
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Kireyev, Alexei
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Publication Date:
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January 01, 2006
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Electronic Access:
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Free Full text
(PDF file size is 541KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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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.
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Order a print copy
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Series:
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Working Paper No. 06/2
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Subject(s):
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Workers remittances | Tajikistan | Labor mobility
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Author's Keyword(s):
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Remittances | labor mobility | international migration | Tajikistan |
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English
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Publication Date:
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January 01, 2006
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA2006002
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Pages:
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26
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Price:
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US$15.00 )
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Please address any questions about this title to
publications@imf.org
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