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Remittances in the Pacific Region
Author:
Ms. Aiko Mineshima
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and
Mr. Christopher Browne
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Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 035
Language:
English
Publication Date:
01 Feb 2007
DOI:
https://doi.org/10.5089/9781451865998.001
ISBN:
9781451865998
ISSN:
1018-5941
Pages:
14
Keywords:
WP; remittance inflow; country; island country; Tonga; government; Remittances; Pacific island countries; remittance channel; remittance flow; unrecorded remittance; government service delivery; Migration; Balance of payments statistics; Income; Pacific Islands; Australia and New Zealand; Middle East
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund