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Remittances: An Automatic Output Stabilizer?

Apr 01, 2009 | R. Chami, D. Hakura, P. Montiel | IMF
This paper estimates the impact of remittances on output stability for countries that are dependent on these income flows. Using a sample of 70 countries, including 16 advanced economies and 54 developing countries, the authors find robust evidence that remittances have a negative effect on output growth volatility of recipient countries.
Theme: Remittances, Financial Inclusion | Pages: 33