LEADER 04523oam 22011414 450 001 9910975147903321 005 20250426110731.0 010 $a9786613822789 010 $a9781462308422 010 $a1462308422 010 $a9781452738024 010 $a1452738025 010 $a9781282626454 010 $a1282626450 010 $a9781451910032 010 $a1451910037 035 $a(CKB)3360000000443311 035 $a(EBL)3012514 035 $a(SSID)ssj0000961095 035 $a(PQKBManifestationID)11547483 035 $a(PQKBTitleCode)TC0000961095 035 $a(PQKBWorkID)10961351 035 $a(PQKB)11160986 035 $a(OCoLC)568151194 035 $a(IMF)WPIEE2006290 035 $a(MiAaPQ)EBC3012514 035 $a(IMF)WPIEA2006290 035 $aWPIEA2006290 035 $a(EXLCZ)993360000000443311 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA Gravity Model of Workers? Remittances /$fErik Lueth, Marta Ruiz-Arranz 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (20 p.) 225 1 $aIMF Working Papers 300 $a"December 2006." 311 08$a9781451865509 311 08$a1451865503 320 $aIncludes bibliographical references (p. 17-18). 327 $a""Contents""; ""I. INTRODUCTION""; ""II. DATA""; ""III. EMPIRICAL RESULTS""; ""IV. CONCLUSIONS AND POLICY IMPLICATIONS""; ""References"" 330 3 $aThis paper creates the first dataset of bilateral remittance flows for a limited set of developing countries and estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be explained by a few gravity variables. The evidence on the motives to remit is mixed, but altruism may be less of a factor than commonly believed. Most strikingly, remittances do not seem to increase in the wake of a natural disaster and appear aligned with the business cycle in the home country, suggesting that remittances may not play a major role in limiting vulnerability to shocks. To encourage remittances and maximize their economic impact, policies should be directed at reducing transaction costs, promoting financial sector development, and improving the business climate. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/290 606 $aEmigrant remittances$zDeveloping countries$xEconometric models 606 $aCapital movements$zDeveloping countries$xEconometric models 606 $aBalance of payments$2imf 606 $aClimate$2imf 606 $aCurrency$2imf 606 $aCurrent Account Adjustment$2imf 606 $aCurrent account$2imf 606 $aEmigrant remittances$2imf 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aGlobal Warming$2imf 606 $aInternational economics$2imf 606 $aInternational finance$2imf 606 $aMultiple currency practices$2imf 606 $aNatural Disasters and Their Management$2imf 606 $aNatural Disasters$2imf 606 $aNatural disasters$2imf 606 $aOutward remittances$2imf 606 $aRemittances$2imf 606 $aShort-term Capital Movements$2imf 607 $aBangladesh$2imf 615 0$aEmigrant remittances$xEconometric models. 615 0$aCapital movements$xEconometric models. 615 7$aBalance of payments 615 7$aClimate 615 7$aCurrency 615 7$aCurrent Account Adjustment 615 7$aCurrent account 615 7$aEmigrant remittances 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aGlobal Warming 615 7$aInternational economics 615 7$aInternational finance 615 7$aMultiple currency practices 615 7$aNatural Disasters and Their Management 615 7$aNatural Disasters 615 7$aNatural disasters 615 7$aOutward remittances 615 7$aRemittances 615 7$aShort-term Capital Movements 700 $aLueth$b Erik$01816517 701 $aRuiz-Arranz$b Marta$01816011 712 02$aInternational Monetary Fund.$bAsia and Pacific Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910975147903321 996 $aA Gravity Model of Workers? Remittances$94372649 997 $aUNINA