Do Remittances Reduce Aid Dependency?:
Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel of t...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 11/246 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel of transmission from remittances to aid. Buoyant remittances could reduce aid needs when human capital improves and private investment takes off. Absent these, aid flows could still drop as remittances may dampen donors'' incentive to scale up aid. Concurrently, remittances could be positively associated with aid if migrants can influence aid policy in donor countries. Using an instrumental variable approach with panel data for a sample of developing countries from 1975-2005, the baseline results show that remittances actually increase aid dependency. However, a refined model controlling for the channels of transmission from remittances to aid reveals that remittances lead to lower aid dependency when they are invested in human and physical capital rather than consumed |
| Beschreibung: | 1 Online-Ressource (31 p) |
| ISBN: | 1463923252 9781463923259 |
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| index_date | 2024-07-03T20:13:19Z |
| indexdate | 2024-07-10T09:35:27Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Le Goff, Maelan Verfasser aut Do Remittances Reduce Aid Dependency? Le Goff, Maelan Washington, D.C International Monetary Fund 2011 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/246 Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel of transmission from remittances to aid. Buoyant remittances could reduce aid needs when human capital improves and private investment takes off. Absent these, aid flows could still drop as remittances may dampen donors'' incentive to scale up aid. Concurrently, remittances could be positively associated with aid if migrants can influence aid policy in donor countries. Using an instrumental variable approach with panel data for a sample of developing countries from 1975-2005, the baseline results show that remittances actually increase aid dependency. However, a refined model controlling for the channels of transmission from remittances to aid reveals that remittances lead to lower aid dependency when they are invested in human and physical capital rather than consumed Online-Ausg Kpodar, Kangni Sonstige oth http://elibrary.imf.org/view/IMF001/12256-9781463923259/12256-9781463923259/12256-9781463923259.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Le Goff, Maelan Do Remittances Reduce Aid Dependency? |
| title | Do Remittances Reduce Aid Dependency? |
| title_auth | Do Remittances Reduce Aid Dependency? |
| title_exact_search | Do Remittances Reduce Aid Dependency? |
| title_exact_search_txtP | Do Remittances Reduce Aid Dependency? |
| title_full | Do Remittances Reduce Aid Dependency? Le Goff, Maelan |
| title_fullStr | Do Remittances Reduce Aid Dependency? Le Goff, Maelan |
| title_full_unstemmed | Do Remittances Reduce Aid Dependency? Le Goff, Maelan |
| title_short | Do Remittances Reduce Aid Dependency? |
| title_sort | do remittances reduce aid dependency |
| url | http://elibrary.imf.org/view/IMF001/12256-9781463923259/12256-9781463923259/12256-9781463923259.xml |
| work_keys_str_mv | AT legoffmaelan doremittancesreduceaiddependency AT kpodarkangni doremittancesreduceaiddependency |