International Remittance Payments And The Global Economy

Author: Bharati Basu
Publisher: Routledge
ISBN: 131770374X
Size: 15.97 MB
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International Remittance Payments And The Global Economy from the Author: Bharati Basu. International Remittance Payments are described mainly as money sent by immigrants to their families and friends in their home countries. These payments provide an important source of income that is mostly used to provide for a variety of basic needs of the non-migrating members of immigrant families and thus remittance payments can be considered as a tool to reduce the poverty level of the labor sending countries. However, remittances are also used for asset accumulation by some families and for some countries they constitute a good part of foreign funds coming into the country. In-spite of their increasing volume over the last few decades, a lot of things about remittances are not known and studies estimate that about half of these money transfers are not even recorded. Since these payments are shown to reduce poverty and help economic progress in the remittance receiving countries, a better knowledge about remittances would help the debates surrounding immigration, remittances and their relation to the global economy. This book provides an overview of remittances in different parts of the world over the last thirty years. It looks at the labor sending and labor receiving countries separately. The text examines the trends, uses, motivations behind sending remittances, cost of sending them and how they are affected by the nature and the development level of different institutional factors. The remittance flows are growing over time and they are used mostly for reducing the uncertainty of life in the less developed parts of the world. However, motivation for sending remittances could be improved and thus remittances could be more conducive to economic development if 1) the relation between the remittance decision and the migration decision is better understood and 2) the costs of international money transfers are reduced. More studies about those issues would benefit the international community. Efforts should be made in all fronts to encourage such international flow of funds not only to have a redistribution of income all over the world, but also to synchronize the efforts towards global economic development and a better integration of the world economy. This book is aimed researchers, policy practitioners and post graduates studying International Economics or International Economic Relations or Political Science or Economic Development.

Determinants Of International Tourism

Author: Mr. Alexander Culiuc
Publisher: International Monetary Fund
ISBN: 1484383389
Size: 67.21 MB
Format: PDF
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Determinants Of International Tourism from the Author: Mr. Alexander Culiuc. The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies the gravity model to a large dataset comprising the full universe of bilateral tourism flows spanning over a decade. The results show that the gravity model explains tourism flows better than goods trade for equivalent specifications. The elasticity of tourism with respect to GDP of the origin (importing) country is lower than for goods trade. Tourism flows respond strongly to changes in the destination country’s real exchange rate, along both extensive (tourist arrivals) and intensive (duration of stay) margins. OECD countries generally exhibit higher elasticties with respect to economic variables (GDPs of the two economies, real exchange rate, bilateral trade) due to the larger share of business travel. Tourism to small islands is less sensitive to changes in the country’s real exchange rate, but more susceptible to the introduction/removal of direct flights.

International Remittances And The Household Analysis And Review Of Global Evidence

Author: Richard H. Adams
Publisher: World Bank Publications
ISBN:
Size: 12.44 MB
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International Remittances And The Household Analysis And Review Of Global Evidence from the Author: Richard H. Adams. Abstract: This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities.

Macroeconomics In The Global Economy

Author: Jeffrey Sachs
Publisher: Pearson College Division
ISBN: 9780131022522
Size: 53.69 MB
Format: PDF, Kindle
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Macroeconomics In The Global Economy from the Author: Jeffrey Sachs. Takes an open economy approach to macroeconomics, and includes macro theory at work in Russia, Poland and Bolivia.* a focus throughout the book on the global economy and the international aspects of macroeconomics recognizes that all economies in the world are linked through international markets for goods, services, and capital. Open-economy models are used throughout the book. * the ways that countries differ in their important macroeconomic institutions (such as in the patterns of wage setting) are carefully examined, and then those institutional differences are related to observed differences in macroeconomic performance. * recent advances in macroeconomic theory are covered, particularly regarding the role of expectations; the intertemporal choices of households, firms, and the government; and the modern theory of economic policy, including the problems of time consistency and international policy coordination. * boxed features examine topics of interest including Social Security and Saving, The Central Bank and Politics, Currency Convertibility, The Sacrifice Ratio and the Reagan Disinflation, and Social Development and the Debt Crisis. * each chapter concludes with

The Day After Tomorrow

Author: Otaviano Canuto
Publisher: World Bank Publications
ISBN: 0821385461
Size: 79.56 MB
Format: PDF, ePub
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The Day After Tomorrow from the Author: Otaviano Canuto. This book is a vision of how economic policy will evolve in developing countries over the next three-to-five years, delivered by renown practitioners working at the world's leading development institution.

Migration And Remittances Factbook 2011

Author: Dilip Ratha
Publisher: World Bank Publications
ISBN: 0821385119
Size: 15.87 MB
Format: PDF, ePub
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Migration And Remittances Factbook 2011 from the Author: Dilip Ratha. The second edition of the factbook presents numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries as well as various regional and income groups.

World Economic Outlook October 1997 Emu And The World Economy

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557756107
Size: 31.77 MB
Format: PDF, Mobi
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World Economic Outlook October 1997 Emu And The World Economy from the Author: International Monetary Fund. The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staf economists' analyses of global economic developments during the near and medium tem. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

Global Crisis Remittances And Poverty In Asia

Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290926996
Size: 35.77 MB
Format: PDF, Docs
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Global Crisis Remittances And Poverty In Asia from the Author: Asian Development Bank. This publication presents a comprehensive discussion on the impact of the global financial crisis (2008-2009) on certain Asian economies at different levels of analysis---showcasing cross-country regression, computable general equilibrium modeling, and microeconometric modeling for Bangladesh, Indonesia, Pakistan, the Philippines, and Viet Nam. Using different measures of remittances, cross-country regression analyses suggest that a 10% increase in remittances leads to a 3%-4% rise in real gross domestic product per capita. At the same time, the analyses show that remittances exert a negative impact on aggregate poverty. Moreover, these money transfers from abroad exert important impacts on the macroeconomy that include improving external current accounts, alleviating debt burdens, appreciation of domestic currencies, and moderating inflation.