What drives remittances during a global shock?: evidence from the COVID-19 pandemic in Mexico
During a global shock two forces act upon international remittances in opposite directions: income losses among migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may prompt them to send more remittances back home. Wh...
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| Hauptverfasser: | , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Berlin
Freie Universität Berlin
July 2021
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| Schriftenreihe: | Discussion paper / Freie Universität Berlin, School of Business & Economics Economics
2021, 13 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | During a global shock two forces act upon international remittances in opposite directions: income losses among migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may prompt them to send more remittances back home. Which of these drivers prevail is an empirical matter. We assemble quarterly data at the subnational level in Mexico to study the behavior of remittances during the Covid-19 pandemic. We estimate elasticities of remittances with respect to employment conditions at both origin and destination places of Mexican migrants. Our results show that destination country conditions have been the main driver of remittances to Mexico, whereas origin country conditions had no discernible effect on remittances during the pandemic. We also show that contractions in consumption in Mexico are associated with reductions in remittances. We conclude that risk-coping via remittances provides limited protection during global crises |
| Beschreibung: | 1 Online-Ressource (33 Seiten) Diagramme |
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| 520 | 3 | |a During a global shock two forces act upon international remittances in opposite directions: income losses among migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may prompt them to send more remittances back home. Which of these drivers prevail is an empirical matter. We assemble quarterly data at the subnational level in Mexico to study the behavior of remittances during the Covid-19 pandemic. We estimate elasticities of remittances with respect to employment conditions at both origin and destination places of Mexican migrants. Our results show that destination country conditions have been the main driver of remittances to Mexico, whereas origin country conditions had no discernible effect on remittances during the pandemic. We also show that contractions in consumption in Mexico are associated with reductions in remittances. We conclude that risk-coping via remittances provides limited protection during global crises | |
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Datensatz im Suchindex
| _version_ | 1818534048662814720 |
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| author | Ambrosius, Christian Campos-Vázquez, Raymundo M. Esquivel, Gerardo |
| author_GND | (DE-588)143353209 (DE-588)1049347056 (DE-588)171046439 |
| author_facet | Ambrosius, Christian Campos-Vázquez, Raymundo M. Esquivel, Gerardo |
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| id | DE-604.BV047461278 |
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| indexdate | 2024-12-15T19:00:15Z |
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| series2 | Discussion paper / Freie Universität Berlin, School of Business & Economics Economics |
| spelling | Ambrosius, Christian (DE-588)143353209 aut What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico Christian Ambrosius (Freie Universität Berlin, Institute for Latin American Studies & School of Business and Economics), Raymundo M. Campos Vázquez (Colegio de México, Centro de Estudios Económicos), Gerardo Esquivel (Banco de México) Berlin Freie Universität Berlin July 2021 1 Online-Ressource (33 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Discussion paper / Freie Universität Berlin, School of Business & Economics 2021, 13 Economics During a global shock two forces act upon international remittances in opposite directions: income losses among migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may prompt them to send more remittances back home. Which of these drivers prevail is an empirical matter. We assemble quarterly data at the subnational level in Mexico to study the behavior of remittances during the Covid-19 pandemic. We estimate elasticities of remittances with respect to employment conditions at both origin and destination places of Mexican migrants. Our results show that destination country conditions have been the main driver of remittances to Mexico, whereas origin country conditions had no discernible effect on remittances during the pandemic. We also show that contractions in consumption in Mexico are associated with reductions in remittances. We conclude that risk-coping via remittances provides limited protection during global crises Geschichte 2019-2021 gnd rswk-swf Migration COVID-19 Remittances Consumption Mexico Pandemie (DE-588)4737034-8 gnd rswk-swf Überweisung (DE-588)4218779-5 gnd rswk-swf Auswanderer (DE-588)4131725-7 gnd rswk-swf Herkunftsland (DE-588)4159599-3 gnd rswk-swf COVID-19 (DE-588)1206347392 gnd rswk-swf Soziale Situation (DE-588)4077575-6 gnd rswk-swf Mexiko (DE-588)4039058-5 gnd rswk-swf Mexiko (DE-588)4039058-5 g Soziale Situation (DE-588)4077575-6 s Herkunftsland (DE-588)4159599-3 s Auswanderer (DE-588)4131725-7 s Überweisung (DE-588)4218779-5 s COVID-19 (DE-588)1206347392 s Pandemie (DE-588)4737034-8 s Geschichte 2019-2021 z DE-188 Campos-Vázquez, Raymundo M. (DE-588)1049347056 aut Esquivel, Gerardo (DE-588)171046439 aut Freie Universität Berlin, School of Business & Economics Discussion paper 2021, 13 : Economics (DE-604)BV026641400 2021,13 https://refubium.fu-berlin.de/handle/fub188/31755 Resolving-System kostenfrei Volltext 1\p aepsg 0,99288 20210901 DE-101 https://d-nb.info/provenance/plan#aepsg |
| spellingShingle | Ambrosius, Christian Campos-Vázquez, Raymundo M. Esquivel, Gerardo What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico Migration COVID-19 Remittances Consumption Mexico Pandemie (DE-588)4737034-8 gnd Überweisung (DE-588)4218779-5 gnd Auswanderer (DE-588)4131725-7 gnd Herkunftsland (DE-588)4159599-3 gnd COVID-19 (DE-588)1206347392 gnd Soziale Situation (DE-588)4077575-6 gnd |
| subject_GND | (DE-588)4737034-8 (DE-588)4218779-5 (DE-588)4131725-7 (DE-588)4159599-3 (DE-588)1206347392 (DE-588)4077575-6 (DE-588)4039058-5 |
| title | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico |
| title_auth | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico |
| title_exact_search | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico |
| title_exact_search_txtP | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico |
| title_full | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico Christian Ambrosius (Freie Universität Berlin, Institute for Latin American Studies & School of Business and Economics), Raymundo M. Campos Vázquez (Colegio de México, Centro de Estudios Económicos), Gerardo Esquivel (Banco de México) |
| title_fullStr | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico Christian Ambrosius (Freie Universität Berlin, Institute for Latin American Studies & School of Business and Economics), Raymundo M. Campos Vázquez (Colegio de México, Centro de Estudios Económicos), Gerardo Esquivel (Banco de México) |
| title_full_unstemmed | What drives remittances during a global shock? evidence from the COVID-19 pandemic in Mexico Christian Ambrosius (Freie Universität Berlin, Institute for Latin American Studies & School of Business and Economics), Raymundo M. Campos Vázquez (Colegio de México, Centro de Estudios Económicos), Gerardo Esquivel (Banco de México) |
| title_short | What drives remittances during a global shock? |
| title_sort | what drives remittances during a global shock evidence from the covid 19 pandemic in mexico |
| title_sub | evidence from the COVID-19 pandemic in Mexico |
| topic | Migration COVID-19 Remittances Consumption Mexico Pandemie (DE-588)4737034-8 gnd Überweisung (DE-588)4218779-5 gnd Auswanderer (DE-588)4131725-7 gnd Herkunftsland (DE-588)4159599-3 gnd COVID-19 (DE-588)1206347392 gnd Soziale Situation (DE-588)4077575-6 gnd |
| topic_facet | Migration COVID-19 Remittances Consumption Mexico Pandemie Überweisung Auswanderer Herkunftsland Soziale Situation Mexiko |
| url | https://refubium.fu-berlin.de/handle/fub188/31755 |
| volume_link | (DE-604)BV026641400 |
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