Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Social Science > Emigration and Immigration

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Dominican Republic x
Clear All Modify Search
Cover IMF Working Papers
Evolution of Remittances to CAPDR Countries and Mexico During the COVID-19 Pandemic
Aleksandra Babii
,
Ms. Alina Carare
,
Dmitry Vasilyev
, and
Mr. Yorbol Yakhshilikov
Traditional models relying on standard variables like the U.S. Hispanic unemployment rate fared well in explaining remittances to CAPDR and Mexico during the pre-pandemic period. However, they fail to predict the sustained growth in remittances since June 2020, including the significant increase in the average amount remitted. Using data from over 300 remittances corridors (from 23 U.S. states to 14 Salvadoran departments), we find that this increase is primarily explained by the dynamics of U.S. states real wages, as well as more temporary factors like U.S. unemployment relief (including the extraordinary pandemic support), U.S. states mobility, and COVID-19 infections at home. The paper also analyses what role the change in the modes of transmission of remittances, additional U.S. fiscal stimulus and U.S. labor market developments, especially in the sectors were CAPDR and Mexican migrants preponderantly work, play in explaining aggregate remittances growth.
Keywords:
COVID-19 pandemic; migrant remittances; international migration; remittances dynamics; B. panel Vector Autoregression Model; remittances growth; evolution of remittance; remittances to CAPDR country; Remittances; Real wages; COVID-19; Migration; Unemployment; Central America
Cover IMF Staff Country Reports
El Salvador: Selected Issues
International Monetary Fund. Western Hemisphere Dept.
This Selected Issues paper proposes a simple nowcast model for an early assessment of the Salvadorian economy. The exercise is based on a bridge model, which is one of the many tools available for nowcasting. For El Salvador, the bridge model exploits information for the period 2005–17 from a large set of variables that are published earlier and at higher frequency than the variable of interest, in this case quarterly GDP. The estimated GDP growth rate in the 4th quarter of 2017 is 2.4 percent year-over-year, leading to an average GDP growth rate of 2.3 percent in 2017. This is in line with the GDP growth implied by the official statistics released two months later, in March 23, 2018.
Keywords:
ISCR; CR; emigration loss; product; emigration rate; merchandise export; credit growth; export growth El Salvador; credit allocation; Pension spending; Exports; Competition; Migration; Skilled labor; Central America; Global; Caribbean; Asia and Pacific
Cover IMF Working Papers
Migration and Remittances in Latin America and the Caribbean: Engines of Growth and Macroeconomic Stabilizers?
Ms. Kimberly Beaton
,
Ms. Svetlana Cerovic
,
Misael Galdamez
,
Metodij Hadzi-Vaskov
,
Franz Loyola
,
Zsoka Koczan
,
Mr. Bogdan Lissovolik
,
Mr. Jan Kees Martijn
,
Ms. Yulia Ustyugova
, and
Joyce Wong
Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migration from and remittances to LAC, as well as their costs and benefits. For the home country, the negative impact from emigration on labor resources and productivity seems to outweigh growth gains from remittances, notably for the Caribbean. However, given emigration, remittance flows play key financing and stabilizing roles in Central America and the Caribbean. They facilitate private consumption smoothing, support financial sector stability and fiscal revenues, and help reduce poverty and inequality, without strong evidence for harmful competitiveness effects through shifts in the real exchange rate.
Keywords:
WP; remittance inflow; economic migration; cost of remittance; remittance flow; remittances emigrant; International Migration; Remittances; Latin America; Caribbean; GDP ratio; remittances-recipient country; remittance sender; remittance transaction; remittance corridor; Gini coefficient; Migration; Income; Consumption; South America; Central America; Global
Cover IMF Research Bulletin
IMF Research Bulletin, September 2007
Mr. Antonio Spilimbergo
IMF research summary on how globalization affects developing countries (by Prachi Mishra and Petia Topalova); country study on Croatia (by Athanasios Vamvakidis); listing of visiting scholars at the IMF during June 2007-January 2008; listing of contents of Vol. 54, Issue No. 3 of IMF Staff Papers; listing of recent IMF Working Papers; and listing of recent external publications by IMF staff members.
Keywords:
IRB; pricing growth-Indexed bond; Aid-Receiving Countries; Croatia; remittance; exchange rate fluctuation; emerging markets review; resource Economics; forthcoming publication; monetary policy implementation; Remittances; Migration; Wages; Trade liberalization; Sub-Saharan Africa; Caribbean; Central and Eastern Europe; Eastern Europe; Middle East; Europe; Global
Cover IMF Working Papers
Emigration and Brain Drain: Evidence From the Caribbean
Ms. Prachi Mishra
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor force with more than 12 years of completed schooling-among the highest emigration rates in the world. The region is also the world's largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region's GDP in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the Caribbean.
Keywords:
WP; emigration loss; emigration
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Selected Issues
International Monetary Fund
This Selected Issues paper analyzes macroeconomic fluctuations in the Eastern Caribbean Currency Union (ECCU). The paper describes data, along with the estimation technique used to ensure stationarity of the data. The empirical regularities of macroeconomic fluctuations in the ECCU are described, examining the relationship between a set of macroeconomic time series and domestic output, for each of the six IMF members of the ECCU. The paper also explores the determinants of macroeconomic volatility in the ECCU.
Keywords:
ISCR; CR; ECCU country; emigration loss; government; ECCU economy; ECCU government; member government; Migration; Exchange rate arrangements; Fiscal stance; Natural disasters; Caribbean; North America