Determinants of Remittances : Evidence From tonga / Huidan Lin.

Format:

Book

Government document

Author/Creator:

Lin, Huidan.

International Monetary Fund, Corporate Author.

Series:

IMF Working Papers; Working Paper ; No. 2011/018

IMF Working Papers

Language:

English

Subjects (All):

Emigrant remittances--Tonga.

Emigrant remittances.

Foreign exchange--Tonga.

Foreign exchange.

Physical Description:

1 online resource (26 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

This paper analyzes the determinants of remittances to Tonga. The results indicate that macroeconomic conditions in remitting countries and exchange rate fluctuations influence remittances. In particular, remittances growth falls when the Tongan currency appreciates, but increases with higher real GDP growth and lower unemployment in remitting countries. The analysis also finds that the influence of these determinants varies with the recipients of remittances, with remittances to non-profit organizations being more sensitive to an appreciation of the Tongan currency and the interest rate differential between Tonga and remitting countries than remittances to households. However, the analysis does not find evidence of "Dutch Disease" in Tonga, as the real exchange rate does not appear to be affected by remittances.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Remittances as a Share of GDP (in percent); 2. Remittances and Exports (growth in percent); 3. Share of Remittance Flows by Country of Origin; II. Literature Review; A. Determinants of Remittances; B. Impact of Remittances on the Real Effective Exchange Rate; III. Empirical Analysis; A. Data Description and Model Specification; 4. Remittances, Bilateral Real Exchange Rate, and Growth in Remitting Countries; 5. Remittances, Growth, and Real Effective Exchange Rate in Tonga; 1. Definition and Source of the Variables

2. Summary Statistics: 1994Q1-2009Q1B. Empirical Results; 3. Regressions for Determinants of Remittance Flows; 4. Regressions for Economic Impacts of Remittance Flows; IV. Conclusion; References; Footnotes

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 23, 2014).

ISBN:

9786613879196

9781462367832

1462367836

9781455218554

1455218553

9781283566742

1283566745

9781455212569

1455212563