Remittances, exchange rate regimes, and the Dutch disease: a panel data analysis

Emmanuel K.K. Lartey (), Federico S. Mandelman () and Pablo Acosta ()

No 2008-12, Working Paper from Federal Reserve Bank of Atlanta

Abstract: Using disaggregated sectorial data, this study shows that rising levels of remittances have spending effects that lead to real exchange rate appreciation and resource movement effects that favor the nontradable sector at the expense of tradable goods production. These characteristics are two aspects of the phenomenon known as Dutch disease. The results further indicate that these effects operate more strongly under fixed nominal exchange rate regimes.

Keywords: Emigrant remittances; Foreign exchange rates (search for similar items in EconPapers)
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Date: 2008
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