Evolution of Remittances to CAPDR Countries and Mexico During the COVID-19 Pandemic

Carare, Alina; Yakhshilikov, Yorbol; Vasilyev, Dmitry; Babii, Aleksandra

doi:10.5089/9798400210150.001

Cited by 2 publications

(2 citation statements)

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“…Finally, the surge in the fiscal stimulus in host countries has also contributed to the resilience in remittance flows. Babii et al (2022) and Bidawi et al (2022) report similar conclusions for a sample of Central American and Caribbean countries.…”

Section: Studies On Remittances and Migrationsupporting

confidence: 57%

“…The migrants can remit for different purposes, such as altruism, investment, education, loan repayment, compensation for services rendered to the migrant by recipients, insurance, or their mixture (Babii et al, 2022). Empirical analysis suggests that all of these factors play a role, and none of them dominates in a large cross-country sample of advanced and developing economies (Azizi, 2019).…”

Section: Studies On Remittances and Migrationmentioning

confidence: 99%

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Remittances in Russia and Caucasus and Central Asia: The gravity model

Poghosyan

2023

Review Development Economics

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Remittances are an important source of external financing in low-and middle-income countries. This paper uses the gravity model to analyze remittance flows in Russia and Caucasus and Central Asia countries. Standard gravity determinants, such as gross domestic product in sending and receiving countries, bilateral distance, existence of common borders and common official language, and fit remittance, flow well. Remittances also react to inflation and exchange rate movements in recipient countries to sustain their purchasing power. In line with the altruism hypothesis, remittances flow to countries with higher age dependency ratio. Remittances are countercyclical and help stabilize outputs in recipient countries. However, global shocks resulting in sharp output losses of sending countries would lead to large volatility and decline in remittance inflows in recipient countries.

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Section: Studies On Remittances and Migrationsupporting

confidence: 57%

Section: Studies On Remittances and Migrationmentioning

confidence: 99%