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Book Cover
Author Chami, Ralph, author

Title Are immigrant remittance flows a source of capital for development? / Ralph Chami, Connel Fullenkamp, and Samir Jahjah
Published Washington, D.C. : International Monetary Fund, [2003]
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Description 1 online resource (47 pages)
Series IMF working paper ; WP/03/189
IMF working paper ; WP/03/189
Summary The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic uncertainty, there exists a significant moral hazard problem. The implication is that remittances have a negative effect on economic growth. We test this prediction using panel methods on a large sample of countries. The results indicate that remittances do have a negative effect on economic growth, which indicates that the moral hazard problem in remittances is severe
Bibliography Includes bibliographical references (pages 42-47)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Economic development -- Effect of emigrant remittances on -- Econometric models
Emigrant remittances -- Economic aspects -- Econometric models.
Moral hazard -- Econometric models.
Form Electronic book
Author Fullenkamp, Connel, author
Jajah, Samir, author
IMF Institute.
International Monetary Fund.
ISBN 1451904991