Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Does Economic Uncertainty Foster Migrant Remittances? A Macro-Perspective from 53 Developing Countries

Abstract : The recent Global Financial Crisis and its resultant policy responses have induced a lot of uncertainty and as a consequence, reinforced research interest in economic uncertainty. Several empirical studies have since examined the effects of uncertainty with emphasis on its growth implications. Despite uncertainty being an integral part of migrants' decision-making process, its effect on remittances remains largely unknown. The present study employs a novel data on uncertainty and a system GMM approach to examine the effects of economic uncertainty on inward remittance of 53 developing countries over the period 1996-2018. The results show that heightened economic uncertainty induced a positive and statistically significant remittance response to developing and least-developed economies. This result is consistent with the altruistic behavior of migrants from developing economies, and further, suggests the importance of migrants' remittances in moderating the potential adverse effects of uncertainty.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

https://hal-univ-pau.archives-ouvertes.fr/hal-03725386
Contributor : Mohamed ABDALLAH ALI Connect in order to contact the contributor
Submitted on : Saturday, July 16, 2022 - 10:18:18 PM
Last modification on : Monday, July 18, 2022 - 10:17:08 AM

File

Does Economic Uncertainty Fost...
Files produced by the author(s)

Identifiers

  • HAL Id : hal-03725386, version 1

Collections

Citation

Charles Mawusi, Mohamed Abdallah, Mazhar Mughal. Does Economic Uncertainty Foster Migrant Remittances? A Macro-Perspective from 53 Developing Countries. 2022. ⟨hal-03725386⟩

Share

Metrics

Record views

30

Files downloads

38