Effect of Economic Uncertainty on Remittances Flows from Developed Countries

Sèna Kimm Gnangnon

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This article has investigated the effect of economic uncertainty on the remittances sent by migrants residing in developed countries to their home countries. The analysis builds on the economic uncertainty index developed by Ahir et al. (2018, 2019, 2022) that reflects the uncertainty related to economic and political events, regarding both near-term and long term concerns. It has revealed that economic uncertainty has deleterious effects on remittances outflows from developed countries, especially when it reaches high levels. This finding indicates that developing countries will suffer from reduced remittances inflows if the current fragmentation of the world were to become protracted, and result in higher barriers to the movement of capital and people.

Keywords: Economic Uncertainty; Remittances Outflows; Developed Countries (search for similar items in EconPapers)
JEL-codes: E30 F24 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-fdg, nep-int and nep-mig
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:279480

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