Migration and Financial Constraints: Evidence from Mexico

Angelucci, Manuela

doi:10.1162/rest_a_00487

Cited by 201 publications

(134 citation statements)

References 6 publications

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“…Because the cash payments were awarded to the poorest families, PROGRESA would have alleviated liquidity constraints for households where the restriction was more likely to be binding. Evidence consistent with PROGRESA alleviating liquidity constraints and inducing migration is given by Angelucci (2015).…”

Section: Alternative Explanationsmentioning

confidence: 77%

“…Prohibition of land consolidation can prevent capturing economies of scale and maintain low labor productivity. We show that due to the existence of 5 Angelucci (2015) shows that Mexico's conditional cash transfer program relaxed credit constraints and helped household members migrate more. 6 Previous research has failed to document a credit access effect from banks using land as collateral after titling (Field and Torero 2006;Galiani and Schargrodsky 2010).…”

Section: In Many Developing Countries Property Rights Over Rural Landmentioning

confidence: 88%

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Delinking Land Rights from Land Use: Certification and Migration in Mexico

Janvry

Emerick

Gonzalez-Navarro

et al. 2015

American Economic Review

263

116

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Well-defined and secure property rights over land have long been recognized as essential for economic development (Demsetz 1967;North and Thomas 1973;De Soto 2000). There are, however, different ways in which these rights can be established. Contrary to the norm in developed countries where rights are established by land titles, in many developing countries they are established by contingent use of the land. In this case, security of access requires evidence of productive use by the occupant himself, with the implication that leaving the land idle or letting it to others creates a substantial risk of loss of rights. This can be inefficient for two reasons. First, it imposes conditions on the amount of labor used on the land by requiring that it be kept in production at an accepted standard of use, ignoring the return to labor in alternative activities. Second, the common prohibition to land transactions prevents land from being reallocated from less productive to more productive users. With a focus on increasing the efficiency of land use, land certification and titling programs that remove constraints on land use and allow land transactions have been widely sponsored by national governments and international development agencies (Heath 1990).

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Section: Alternative Explanationsmentioning

confidence: 77%

Section: In Many Developing Countries Property Rights Over Rural Landmentioning

confidence: 88%

Delinking Land Rights from Land Use: Certification and Migration in Mexico

Janvry

Emerick

Gonzalez-Navarro

et al. 2015

American Economic Review

263

116

View full text Add to dashboard Cite

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“…In another study, men from central-western Mexico were more likely to emigrate to the United States in years when the Mexican interest rate increased, which could reflect a substitution between the U.S. wages and costly loans in Mexico (Massey and Espinosa 1997). Research works on cash transfers, which may function as an alternative source of capital to bank loans or migrant remittances, find inconsistent patterns in relation to migration (Angelucci 2011(Angelucci , 2012Stecklov et al 2005).…”

Section: Conclude Thatmentioning

confidence: 99%

Loans and Leaving: Migration and the Expansion of Microcredit in Cambodia

Bylander

Hamilton

2015

Popul Res Policy Rev

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Over the last decade, the expansion of microfinance institutions (MFIs) has dramatically shifted the availability of credit across the developing world. This recent development provides an opportunity to examine the relationship between household labor migration and access to and use of formal credit. Both theories of migration and the expectations of formal credit providers have suggested that labor migration and credit are substitute solutions to the demand for capital in the developing world, with the implication that greater access to formal financial services may stem migration out of rural places. Using household survey data from Cambodia, an MFI-saturated country, we find that households using formal credit and households with greater access to formal credit are more likely to have labor migrants than households without access. This association persists across size of loan, purpose of loan, remittances behavior, and for domestic migrations. These findings complicate our understanding of the relationship between credit and migration, and call for a greater recognition of the importance of context in framing migration behavior. (Massey et al. 1998;Stark 1982;Taylor et al. 1996). As economic development disrupts subsistence or small-scale household production, households require capital to facilitate their transition to market-based production and consumption, and insurance to mediate risk while doing so. However, financial services are often lacking or inaccessible in developing economies. NELM theory views labor migration as a solution to this developmental dilemma, as migrant wages can be remitted or returned for investment and consumption at home, as well as used for risk management. More specifically, NELM theory proposes that migration and credit function as substitute solutions to a basic and crucial need for capital, and that migration serves as a substitute to insurance by providing a means of diversifying risk, in developing economies. By extension, both scholars and policy-makers have suggested that the development and expansion of credit and insurance markets in migrant-sending areas may stem out-migration (e.g., De Brauw and Rozelle 2008;Massey et al. 2002;Rozelle et al. 1999;Taylor et al. 1996;Zohir and Matin 2004). Reviews of research on the causes of migration characterize absent or limited financial markets as ''fundamental causes'' of migration (Taylor et al. 1996, p. 405), but studies exploring the relationship between access to credit or insurance markets and migration are mostly lacking. Studies of the relationship between credit and migration are complicated by the very nature of the dilemma: because poor, rural households do not have access to credit and insurance, there is limited empirical basis on which to consider the suggestion that migration is a response to their absence. Research in support of NELM, therefore, has tended to focus on patterns of remittance use, return migration, and business development (Durand et al. 1996;Garip 2012;Lindstrom and Lauster 2001;Taylor 1...

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“…Ана ліз остан ніх до слі джень і пу б лі ка цій Проблемам дослідження міграції присвячено наукові праці зарубіжних вчених: К. Грей (Gray, 2013) [1]; Дж. Гібсон, Д. Маккензі, С. Стілман (Gibson, McKenzie & Stillman, 2011) [2]; Ф. Адамсон (Adamson, 2006) [3]; М. Ангелуччі (Angelucci, 2015) [4] та інших.…”

Section: постановка проблемиunclassified

International migration of labour resources of Ukraine and Bulgaria: impact on sustainable economic development of both countries

Grinko¹

2016

EA-XXI

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The article deals with the interpretation of the interconnection of international migration of labour resources and processes related to economic development of Ukraine and Bulgaria. Using economic-mathematical and graphical methods, the author has analysed the indices of international migration of labour resources of Ukraine and Bulgaria, in particular the amount of pure migration in the view of a correlation between the index of economic dimensions and the index of social dimensions (2014). The amount of pure migration in the view of unemployment rate in the period of 2013-2014 has also been studied. The paper contains a comparative analysis of designated indices of both Ukraine and Bulgaria with regard to the indices of the TOP-10 countries. Based on the carried out analysis, outer and inner factors of influence on stable economic development of the countries under the study have been discovered. It has been determined that money transfer remittance of migrants, which also affects one of the basic macroeconomic indices, such as gross domestic product, has a considerable impact on sustainable economic development of both states. Among the most significant inner factors, the author of the article determines the following: insufficient legal and organisational culture of both employers and employees, the absence of effective mechanisms of economic and labour legislation monitoring, inner social and economic policies of the state and its regions, the level of formation and accumulation of social capital, legal regulation of employment, the level of employment guarantee, requirements in the labour market, financial and economic condition and the rate of economic development of market participants in the state, etc. Ways of realisation of effective regulations of labour resources migration were offered to ensure sustainable economic development of both Ukraine and Bulgaria which are based on special interstate programs of labour force remigration stimulation, occupational training of returnees, economic aid from other developed countries, programs of information and financial support of returnees, interstate first job programs for the people who studied in other countries, recognition of informal education and skills of labour migrants, programs which are aimed to assist the continuation of education by the migrants' children, etc. Keywords: International Migration; Labour Resources; Development of States; Migration Processes; Sustainable Economic Development; Ukraine; Bulgaria JEL Classіfіcatіon: F22; O15 DOI: https://doi.org/10.21003/ea.V160-05 Грінько І. М. кандидат економічних наук, доцент, кафедра міжнародної економіки, Національний технічний університет України «Київський політехнічний інститут», Київ, Україна Міжнародна міграція трудових ресурсів України та Болгарії: вплив на сталий економічний розвиток держав Анотація. У статті розглянуто інтерпретацію вченими взаємозв'язку міжнародної міграції трудових ресурсів з економічними процесами розвитку держав. Проаналізовано показники міжнародної міграції ...

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Migration and Financial Constraints: Evidence from Mexico

Cited by 201 publications

References 6 publications

Delinking Land Rights from Land Use: Certification and Migration in Mexico

Delinking Land Rights from Land Use: Certification and Migration in Mexico

Loans and Leaving: Migration and the Expansion of Microcredit in Cambodia

International migration of labour resources of Ukraine and Bulgaria: impact on sustainable economic development of both countries

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