Remittances and Vulnerability in Developing Countries / Giulia Bettin, Andrea Presbitero, Nikola Spatafora.

Format:

Book

Government document

Author/Creator:

Bettin, Giulia.

Contributor:

Presbitero, Andrea.

Spatafora, Nikola.

Series:

IMF Working Papers; Working Paper ; No. 2014/013

IMF working paper ; WP/14/13

IMF Working Papers

Language:

English

Subjects (All):

Poverty--Developing countries.

Poverty.

Public health--Developing countries.

Public health.

Natural disasters--Developing countries.

Natural disasters.

Physical Description:

1 online resource (30 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

System Details:

data file

Summary:

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic conditions in the source province. Nevertheless, in the presence of similar negative shocks to both source and recipient economies, remittances remain counter-cyclical with respect to the recipient country.

Contents:

Cover; Contents; 1. Introduction; List of figures; 1. Vulnerability and capital flows in developing countries; 2. Literature Survey; 3. Remittances from Italy to Developing Countries; 2. Remittances outflows to developing countries and foreign residents in Italy; 3. Transfers from Italy by region; 4. Remittances by region of destination; 4. Data and Empirical Strategy; 4.1 The empirical gravity model; 4.2 Data sources; 5. Results; 5.1 Remittances as a counter-cyclical financial flow; 5.2 Remittances and financial development; 5.3 Other results; 5.4 Robustness checks; 6. Conclusions

Appendices:Tables; List of tables; 1. Variables: definition, sources and summary statistics; 2. List of countries; 3. Baseline results; 4. Extended specification: factors of vuolnerability; 5. Extended specification: the role of financial development; 6. Robustness: sample definition; 7. Robustness: additional covariates; 8. Robustness: estimation method - baseline results; 9. Robustness: estimation method - factors of vulnerability; 10. Robustness: estimation method - the role of financial development

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed March 7, 2014).

ISBN:

9781484385708

1484385705

9781484385333

1484385330

9781484386118

1484386116