03446nam 2200625Ia 450 991046401230332120170821160713.01-4623-7696-71-4527-9547-91-282-84311-71-4518-7238-09786612843112(CKB)3170000000055256(EBL)1608275(SSID)ssj0000943049(PQKBManifestationID)11580567(PQKBTitleCode)TC0000943049(PQKBWorkID)10974771(PQKB)11208834(OCoLC)503190327(MiAaPQ)EBC1608275(EXLCZ)99317000000005525620041202d2009 uf 0engur|n|---|||||txtccrRemittances[electronic resource] an automatic output stabilizer? /prepared by Ralph Chami, Dalia Hakura, and Peter Montiel[Washington D.C.] International Monetary Fund20091 online resource (33 p.)IMF working paper ;WP/09/91Description based upon print version of record.1-4519-1673-6 Includes bibliographical references.Contents; I. Introduction; II. Determinants of Growth Volatility; A. Exogenous Shocks; B. Persistent Country Characteristics; C. The Institutional Environment; D. Remittance Flows; III. Ordinary Least Squares Estimation; IV. Instrumental Variables Estimation; V. Generalized Method of Moments Dynamic Panel Estimation; VI. Testing for Nonlinear Effects; VII. An Application: Remittances and Output Stability in the Middle East and North Africa; VIII. Summary and Conclusions; Tables; 1. Output Volatility and Workers Remittances2. Descriptive Statistics of Dependent and Explanatory Variables 1970 - 20043. Ordinary Least Squares and Instrumental Variables Regression Results; 4. Panel Data Description, 1980 -- 2004; 5. Panel Regression Results; 6. Nonlinear Ordinary Least Squares and Instrumental Variables Regression Results; 7. Nonlinear GMM System Estimation; 8. Estimated Impact of Remittances on Volatility; A. Data Definitions and Sources; Appendixes; Data Appendix; B. Country Coverage; Country Coverage; ReferencesRemittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent on these income flows. Using a sample of 70 countries, including 16 advanced economies and 54 developing countries, we find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. ThisIMF working paper ;WP/09/91.Economic assistanceEconomic developmentElectronic books.Economic assistance.Economic development.338.9669Chami Ralph933130Hakura Dalia S867938Montiel Peter942691MiAaPQMiAaPQMiAaPQBOOK9910464012303321Remittances2127304UNINA