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Worker Remittances and Capital Flows
TLDR
In this paper, the authors provide an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows, including FDI, portfolio investment, and foreign bank lending.Abstract:
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows – foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover, we provide empirical evidence on the determinants of remittances and private capital flows.read more
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Book ChapterDOI
The United Nations Development Programme
TL;DR: In this paper, the authors proposed a project to reduce the vulnerability of poor people in Haiti to the effects of climate change, while at the same time conserving threatened coastal and marine biodiversity.
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Human Development Report 2009. Overcoming Barriers: Human Mobility and Development
TL;DR: The 2009 Human Development Report (HDR09) as mentioned in this paper investigates migration in the context of demographic changes and trends in both growth and inequality, and explores less visible movements typically pursued by disadvantaged groups such as short term and seasonal migration.
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Are Immigrant Remittance Flows a Source of Capital for Development
TL;DR: In this paper, the authors developed a framework that links the motivation for remittances with their effect on economic activity and showed that remittance has a negative effect on the economic growth.
Are Immigrant Remittance Flows a Source of Capital for Development
TL;DR: This article showed that remittances are not profit-driven, but are compensatory transfers, and should have a negative correlation with GDP growth, in contrast to the positive correlation of profit driven capital flows with growth.
References
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Posted Content
A model of labor migration and urban unemployment in less developed countries.
TL;DR: In this paper, an economic behavioral model of rural urban migration is formulated which represents a realistic modification and extension of the simple wage differential approach commonly found in the literature and this probablistic approach is incorporated into a rigorous model of the determinants of urban labor demand and supply which when given values for the crucial parameters can be used among other things to estimate the equilibrium proportion of the urban labor force that is not absorbed by the modern industrial economy.
Posted Content
The new economics of labor migration
Oded Stark,David E. Bloom +1 more
TL;DR: This paper reviewed selected theoretical and empirical developments in the field of labor migration economics and found that the migration behavior of individuals differs in accordance with their perceived relative deprivation; those who were relatively more deprived tend to have stronger incentive to migrate than those who are relatively less deprived, while a reference group characterized by more income inequality is likely to generate more relative deprivation.
Journal ArticleDOI
Motivations to Remit: Evidence from Botswana
Robert E. Lucas,Oded Stark +1 more
TL;DR: In this paper, a theory of motivations to send remittances is described and tested with data from Botswana, where altruism is one of the motivations tested and found to be an insufficient explanation for remittance among migrants in Botswana.
Book
The Migration of Labor
TL;DR: A relative deprivation approach to migration is proposed in this paper, where the economic performance of migrants and their remittances is analyzed in the context of planning with migration in a context of economic instability.