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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.
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Subjects
Econometric models, Emigrant remittances, Labor marketPlaces
TajikistanShowing 4 featured editions. View all 4 editions?
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1
The macroeconomics of remittances: the case of Tajikistan
2006, International Monetary Fund, Policy Development and Review Dept.
in English
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2
Macroeconomics of Remittances: The Case of Tajikistan
2006, International Monetary Fund
in English
1452731993 9781452731995
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3
Macroeconomics of Remittances: The Case of Tajikistan
2006, International Monetary Fund
in English
1451862628 9781451862621
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4
Macroeconomics of Remittances: The Case of Tajikistan
2006, International Monetary Fund
in English
1451907982 9781451907988
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Book Details
Edition Notes
"January 2006."
Includes bibliographical references (p. 23-24).
Also available on the World Wide Web.
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