Remittance Concentration and Volatility: Evidence from 72 Developing Countries

Amr Hosny

No 2020/015, IMF Working Papers from International Monetary Fund

Abstract: This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of remittances on economic volatilities. Results suggest that while (i) large remittances can be stabilizing on average, (ii) high remittance concentration from source countries can aggravate economic volatilities in recipient countries. Results are robust to global shocks affecting both source and recipient countries, and volatility in the remittance-sending country.

Keywords: WP; remittance; remittance concentration; real GDP; large remittance; remittance-concentration dummy; remittance FX inflow; remittance flow; remittance inflow; Remittances; Exchange rates; Imports; Exchange rate adjustments; Oil prices; Global; volatility; developing countries (search for similar items in EconPapers)
Pages: 22
Date: 2020-01-17
New Economics Papers: this item is included in nep-dev and nep-fdg
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Citations: View citations in EconPapers (6)

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Journal Article: Remittance Concentration and Volatility: Evidence from 72 Developing Countries (2020)
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