کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5095215 1376276 2008 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Remittances, transaction costs, and informality
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Remittances, transaction costs, and informality
چکیده انگلیسی
Recorded workers' remittances to developing countries reached $167 billion in 2005, bringing increasing attention to these flows as a potential tool for development. In this paper, we explore the determinants of remittances and their associated transaction costs. We find that recorded remittances depend positively on the stock of migrants and negatively on transfer costs and exchange rate restrictions. In turn, transfer costs are lower when financial systems are more developed and exchange rates less volatile. The negative impact of transactions costs on remittances suggests that migrants either refrain from sending money home or else remit through informal channels when costs are high. We provide evidence from household surveys supportive of a sizeable informal sector.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 86, Issue 2, June 2008, Pages 356-366
نویسندگان
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