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100   $a20041202d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aRemittances$b[electronic resource] $ean automatic output stabilizer? /$fprepared by Ralph Chami, Dalia Hakura, and Peter Montiel
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (33 p.)
225 1 $aIMF working paper ;$vWP/09/91
300   $aDescription based upon print version of record.
311   $a1-4519-1673-6 
320   $aIncludes bibliographical references.
327   $aContents; 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 Remittances
327   $a2. 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; References
330   $aRemittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent on these income flows. Using a sample of 70 countries, including 16 advanced economies and 54 developing countries, we find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This
410  0$aIMF working paper ;$vWP/09/91.
606   $aEconomic assistance
606   $aEconomic development
608   $aElectronic books.
615  0$aEconomic assistance.
615  0$aEconomic development.
676   $a338.9669
700   $aChami$b Ralph$0933130
701   $aHakura$b Dalia S$0867938
701   $aMontiel$b Peter$0942691
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464012303321
996   $aRemittances$92127304
997   $aUNINA