The Macroeconomics of Remittances: the Case of Tajikistan

WPIEA2006002 Image
Price:  $15.00

Author/Editor: Alexei Kireyev
Release Date: © January, 2006
ISBN : 978-1-45186-262-1
Stock #: WPIEA2006002
English
Stock Status: Available

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes

Description

The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context.

Taxonomy

International financial system , Remittances




More publications in this series: Working Papers


More publications by: Alexei Kireyev