Business Cycles and Workers' Remittances [electronic resource] : How Do Migrant Workers Respond to Cyclical Movements of GDP At Home? / Serdar Sayan.
Material type:
TextSeries: IMF Working Papers; Working Paper ; No. 06/52Publication details: Washington, D.C. : International Monetary Fund, 2006Description: 1 online resource (21 p.)ISBN: 1451863128 :ISSN: 1018-5941Subject(s): Consumption Vs. Investment Motive | International Factor Movements and International Business: General | Macroeconomic Aspects of International Trade and Finance: Other | Migrant | Real GDP | Remittan | Bangladesh | Germany | Jordan | Lesotho | TurkeyAdditional physical formats: Print Version:: Business Cycles and Workers' Remittances : How Do Migrant Workers Respond to Cyclical Movements of GDP At Home?Online resources: IMF e-Library | IMF Book Store Abstract: Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries since migrant workers are expected to remit more during down cycles of economic activity back home. Yet, how much to remit is a complex decision involving other factors, and different variables driving remittance behavior are differently affected by the state of economic activity over the business cycle. This paper investigates the behavior of workers' remittances flows into 12 developing countries over their respective business cycles during 1976-2003 and finds that countercyclicality of receipts is not commonly observed across these countries.
Workers' remittances are often argued to have a tendency to move countercyclically with the GDP in recipient countries since migrant workers are expected to remit more during down cycles of economic activity back home. Yet, how much to remit is a complex decision involving other factors, and different variables driving remittance behavior are differently affected by the state of economic activity over the business cycle. This paper investigates the behavior of workers' remittances flows into 12 developing countries over their respective business cycles during 1976-2003 and finds that countercyclicality of receipts is not commonly observed across these countries.
Description based on print version record.
There are no comments on this title.