Do remittances dampen the effect of natural disasters on output growth volatility in developing countries?

Christian Hubert Ebeke (cebeke@imf.org) and Jean-Louis Combes

Applied Economics, 2013, vol. 45, issue 16, 2241-2254

Abstract: This article examines whether or not remittance inflows help mitigate the effects of natural disasters on the volatility of the real output per capita growth rate. Using a large sample of developing countries and mobilizing a dynamic panel data framework, it uncovers a diminishing macroeconomic destabilizing consequence of natural disasters as remittance inflows rise. It appears that the effect of natural disasters disappears for a remittance ratio above 8% of the Gross Domestic Product (GDP). However, remittances aggravate the destabilizing effects of natural disasters when they exceed 17% of the GDP. Finally, the article shows that current and lagged remittance inflows significantly reduce the number of people killed by natural disasters and the number of people affected, respectively.

Date: 2013
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Citations: View citations in EconPapers (34)

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Related works:
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2013)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2011)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2011)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2010)
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DOI: 10.1080/00036846.2012.659347

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