Remittances in the Pacific Region

Author/Editor:

Aiko Mineshima ; Christopher Browne

Publication Date:

February 1, 2007

Electronic Access:

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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

Summary:

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.

Series:

Working Paper No. 2007/035

Subject:

Balance of payments Balance of payments statistics Economic and financial statistics Income Labor Migration National accounts Population and demographics Remittances

English

Publication Date:

February 1, 2007

ISBN/ISSN:

9781451865998/1018-5941

Stock No:

WPIEA2007035

Pages:

14

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