Description: The Impact of Remittances on Growth Evidence from North African Countries

Cover Image

QR Code

The Impact of Remittances on Growth Evidence from North African Countries

Remittances constitute financial flows that affect the receiving country's economy and its development through diverse channels, including income, consumption, investment, government policies, potential parental absence, and removal of potenti...

Full description

Bibliographic Details
Main Authors:	Adams, Richard, van den Bosch, Marie Alienor, Keller, Jennifer, Mottaghi, Lili
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AGRICULTURAL PRODUCTION AMOUNT OF REMITTANCES ASYLUM BALANCE OF PAYMENT BALANCE OF PAYMENT STATISTICS BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK DATA BANKS BENEFITS OF REMITTANCES BLACK MARKET BLACK MARKET PREMIUM BOTH SEXES BRAIN DRAIN BUSINESS FORMATION BUSINESS OWNERSHIP CAPITA REMITTANCES CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL FORMATION CAPITAL INVESTMENT CHILD HEALTH CHILD LABOR CITIZENSHIP COMPENSATION OF EMPLOYEES CONTRIBUTION OF REMITTANCES COUNTRY OF ORIGIN CREDIT CONSTRAINTS CREDITWORTHINESS CURRENT ACCOUNT DATA ON REMITTANCES DEBT DEMOGRAPHIC TRENDS DEPOSITS DESTINATION COUNTRY DETERMINANTS OF REMITTANCES DEVELOPING COUNTRIES DIASPORA EARNINGS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC DOWNTURNS ECONOMIC GROWTH EDUCATION LEVEL EDUCATION OF CHILDREN EDUCATIONAL ATTAINMENT EFFECT OF REMITTANCES EFFECTS OF REMITTANCES ELEMENTARY SCHOOL EMIGRATION EMIGRATION COUNTRIES EMPLOYMENT CREATION EMPLOYMENT OPPORTUNITIES ENROLLMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXTENDED FAMILY EXTERNAL FINANCING FAMILIES FAMILY FORMATION FAMILY REUNIFICATION FEMALE EDUCATION FEMALE LABOR FORCE FINANCES FINANCIAL DEVELOPMENT FINANCIAL FLOWS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN WORKERS GLOBAL DEVELOPMENT GLOBAL DEVELOPMENT FINANCE GOVERNMENT POLICIES GROSS NATIONAL PRODUCT GROUPS OF PEOPLE HEALTH CARE HOME COUNTRIES HOME COUNTRY HOST COUNTRIES HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD LEVEL HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HUMAN CAPITAL HUSBANDS ILLITERACY IMMIGRANT IMMIGRATION IMPACT OF MIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCE FLOWS IMPORTANCE OF REMITTANCES INCOMES INCREASE IN REMITTANCES INEQUALITY INFANT INFANT MORTALITY INFANT MORTALITY RATES INFORMAL CHANNELS INSTITUTIONAL REFORMS INTERNATIONAL MIGRANT INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES INTERNATIONAL TRADE INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION IRREGULAR MIGRATION JOB-SEEKERS LABOR FORCE LABOR MARKET LABOR MARKETS LABOR MIGRANTS LABOR MOBILITY LABOR SUPPLY LARGE POPULATION LEGAL MIGRATION LEVELS OF EDUCATION LIQUIDITY LIQUIDITY CONSTRAINTS LIVING STANDARDS LOW-INCOME COUNTRIES MACROECONOMIC DETERMINANTS MACROECONOMIC LEVEL MEDICAL CARE MENTAL HEALTH MIGRANT REMITTANCES MIGRANT SAVINGS MIGRANT WORKERS MIGRANTS MIGRATION FLOWS MIGRATION POLICIES MIGRATION POLICY MIGRATION PROCESS MIGRATION STATISTICS MIGRATORY MOVEMENTS NATIONALS NEW BUSINESSES NUMBER OF CHILDREN OPPORTUNITIES FOR ENTREPRENEURSHIP PHYSICAL CAPITAL POLICY MAKERS POPULATION CENSUS POPULATION CENSUSES POPULATION GROWTH POPULATION MOVEMENTS POTENTIAL MIGRANTS RATES OF RETURN RECEIPT RECIPIENTS OF REMITTANCES RECREATION REFUGEE REMITTANCE REMITTANCE DATA REMITTANCE FLOWS REMITTANCE IMPACT REMITTANCE INFLOWS REMITTANCE MONIES REMITTANCE RECEIVING REMITTANCE RECEIVING HOUSEHOLDS REMITTANCE RECIPIENTS REMITTANCE-RECEIVING HOUSEHOLDS REMITTANCES REMITTANCES FOR INVESTMENT REMITTANCES REMITTANCES REMITTANCES TRANSFERS RESPECT RETURN MIGRANTS RETURNEES RURAL AREAS SAVINGS FROM MIGRATION SAVINGS RATES SCARCE RESOURCES SCHOOL ATTENDANCE SCHOOL-AGE CHILD SEASONAL MIGRANTS SKILLED MIGRANTS SKILLED WORKERS SOCIAL DEVELOPMENT SOURCE OF INCOME SPOUSE TEENAGERS TEMPORARY MIGRANTS TOTAL AMOUNT OF REMITTANCES UNEMPLOYMENT UNEMPLOYMENT RATES UNSKILLED LABOR URBAN AREAS URBAN CENTERS URBAN WOMEN USE OF REMITTANCES VILLAGES VULNERABILITY WAR WAR RECONSTRUCTION WORK HOURS WORKER REMITTANCES YOUNG CHILDREN YOUNG MEN YOUNG WOMEN
Online Access:	http://documents.worldbank.org/curated/en/2009/09/16349583/middle-east-north-africa-impact-remittances-growth-evidence-north-african-countries http://hdl.handle.net/10986/12985

Description
Summary:	Remittances constitute financial flows that affect the receiving country's economy and its development through diverse channels, including income, consumption, investment, government policies, potential parental absence, and removal of potential entrepreneurial individuals from the community. In view of the economic significance of remittance flows to North African economies, this paper utilizes an econometric model aimed at empirically evaluating the growth impact of remittances on four receiving economies during the period from 1980 to 2007. The model focuses on assessing the role of financial development in determining the growth impact of remittance flows to the region. The paper is organized in four main sections. Section two looks at the scope of migration movements in the four North African countries and the importance of remittance flows to the region. It shows the historical, current and future importance of remittance flows to North African economies. The third section elaborates upon what is known about the economic impacts of remittances at large. It details the major potential macroeconomic impacts of remittances through a literature review on growth and remittances. It also looks at the various channels through which remittances can impact growth. Section four presents an econometric model evaluating the growth impact of remittances with and without the financial sector variable and the results. The fifth section summarizes the main results and concludes.