Front Matter Page
Research Department
Contents
1. Introduction
2. Literature Survey
3. Remittances from Italy to Developing Countries
4. Data and Empirical Strategy
4.1 The empirical gravity model
4.2 Data sources
5. Results
5.1 Remittances as a counter-cyclical financial flow
5.2 Remittances and financial development
5.3 Other results
5.4 Robustness checks
6. Conclusions
Appendices:
Tables
List of tables
1. Variables: definition, sources and summary statistics
2. List of countries
3. Baseline results
4. Extended specification: factors of vuolnerability
5. Extended specification: the role of financial development
6. Robustness: sample definition
7. Robustness: additional covariates
8. Robustness: estimation method–baseline results
9. Robustness: estimation method–factors of vulnerability
10. Robustness: estimation method–the role of financial development
List of figures
1. Vulnerability and capital flows in developing countries
2. Remittances outflows to developing countries and foreign residents in Italy
3. Transfers from Italy by region
4. Remittances by region of destination