Abstract
This paper studies the dynamic response of remittances to natural disasters and other economic shocks in developing countries. The study uses a novel and rich panel data set of quarterly remittance from Italy to 74 developing countries for the period 2005 to 2018. It finds that quarterly remittance flows play only a limited role in mitigating the impact of macroeconomic shocks in the home country. The counter-cyclical role of remittances to quarterly economic shocks is more pronounced for poorer developing countries. This study also finds that theimmigrant stock is a much stronger determinant of remittance flows compared to other factors and that remittances are resilient to economic shocks in the host country.
Date of Award | 28 Jul 2020 |
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Original language | English |
Awarding Institution |
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Supervisor | Romain Houssa (Supervisor) & Stephanie Weynants (Co-Supervisor) |
Keywords
- Remittances
- Natural disasters
- Economic shocks
- Immigrants
- Local projections