Migrant Remittances Provide Resilience Against Disasters in Africa

Wim Naudé and Henri Bezuidenhout ()

Atlantic Economic Journal, 2014, vol. 42, issue 1, 79-90

Abstract: How responsive are migrant remittances to various disasters, both natural and human-made? Would remittances be affected by systemic financial crises, such as the 2008–09 financial crisis, or more recent crises affecting the Eurozone? Using panel data on 23 sub-Saharan African (SSA) countries from 1980 to 2007, we find that remittances are slow to respond to natural disasters, unresponsive to outbreaks of conflict, and will slowly decline following a systemic financial crisis. This suggests that, given its stability, remittances are sources of resilience in SSA. Copyright International Atlantic Economic Society 2014

Keywords: Remittances; Migration; Disasters; Global financial crisis; Africa; F24; F22; O55 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:42:y:2014:i:1:p:79-90

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DOI: 10.1007/s11293-014-9403-9

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