Abstract
Migrant remittances are important to some countries. According to the World Bank, they comprise more than 30% of the GDP of Kyrgyzstan, Tonga, Tajikistan, Haiti and Nepal. Compared to official development aid or foreign direct investment, remittances have lately become a prime income stream for less-developed nations. In this paper, we analyze the net spillover and feedback effects from the consumer demand generated in migrants’ home countries. We use World Bank estimates of remittances and the World Input-Output Database (WIOD) for the investigation with so-called ‘hypothetical insertion’ as the tool of choice. We find that even some developed nations, like the US, likely benefit from remittances (the largest global path for remittances is that from the US to Mexico), but that not all do (e.g. Canada does not). We stop short of making strong policy recommendations. Instead, we suggest that more attention is paid to the veracity of remittance estimates.
| Original language | English (US) |
|---|---|
| Journal | Economic Systems Research |
| DOIs | |
| State | Accepted/In press - Jan 1 2019 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Keywords
- global value chain
- input-output
- interdependencies
- international migration
- Migrant remittances
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Accounting for global migrant remittances flows. / Ferreira, Joao Pedro; Lahr, Michael; Ramos, Pedro; Castro, Eduardo.
In: Economic Systems Research, 01.01.2019.Research output: Contribution to journal › Article
TY - JOUR
T1 - Accounting for global migrant remittances flows
AU - Ferreira, Joao Pedro
AU - Lahr, Michael
AU - Ramos, Pedro
AU - Castro, Eduardo
PY - 2019/1/1
Y1 - 2019/1/1
N2 - Migrant remittances are important to some countries. According to the World Bank, they comprise more than 30% of the GDP of Kyrgyzstan, Tonga, Tajikistan, Haiti and Nepal. Compared to official development aid or foreign direct investment, remittances have lately become a prime income stream for less-developed nations. In this paper, we analyze the net spillover and feedback effects from the consumer demand generated in migrants’ home countries. We use World Bank estimates of remittances and the World Input-Output Database (WIOD) for the investigation with so-called ‘hypothetical insertion’ as the tool of choice. We find that even some developed nations, like the US, likely benefit from remittances (the largest global path for remittances is that from the US to Mexico), but that not all do (e.g. Canada does not). We stop short of making strong policy recommendations. Instead, we suggest that more attention is paid to the veracity of remittance estimates.
AB - Migrant remittances are important to some countries. According to the World Bank, they comprise more than 30% of the GDP of Kyrgyzstan, Tonga, Tajikistan, Haiti and Nepal. Compared to official development aid or foreign direct investment, remittances have lately become a prime income stream for less-developed nations. In this paper, we analyze the net spillover and feedback effects from the consumer demand generated in migrants’ home countries. We use World Bank estimates of remittances and the World Input-Output Database (WIOD) for the investigation with so-called ‘hypothetical insertion’ as the tool of choice. We find that even some developed nations, like the US, likely benefit from remittances (the largest global path for remittances is that from the US to Mexico), but that not all do (e.g. Canada does not). We stop short of making strong policy recommendations. Instead, we suggest that more attention is paid to the veracity of remittance estimates.
KW - global value chain
KW - input-output
KW - interdependencies
KW - international migration
KW - Migrant remittances
UR - http://www.scopus.com/inward/record.url?scp=85073816596&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85073816596&partnerID=8YFLogxK
U2 - https://doi.org/10.1080/09535314.2019.1659756
DO - https://doi.org/10.1080/09535314.2019.1659756
M3 - Article
JO - Economic Systems Research
JF - Economic Systems Research
SN - 0953-5314
ER -