Accounting for global migrant remittances flows

Joao Pedro Ferreira, Michael Lahr, Pedro Ramos, Eduardo Castro

Research output: Contribution to journalArticle

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 languageEnglish (US)
JournalEconomic Systems Research
DOIs
StateAccepted/In press - Jan 1 2019

Fingerprint

Migrants
Remittances
World Bank
Haiti
Feedback effect
Development aid
Home country
Foreign direct investment
Consumer demand
Mexico
Data base
Tajikistan
Income
Kyrgyzstan
Nepal
Spillover effects
Canada

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Keywords

  • global value chain
  • input-output
  • interdependencies
  • international migration
  • Migrant remittances

Cite this

Ferreira, Joao Pedro ; Lahr, Michael ; Ramos, Pedro ; Castro, Eduardo. / Accounting for global migrant remittances flows. In: Economic Systems Research. 2019.
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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 journalArticle

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