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The Macroeconomic Consequences of Remittances
Joint Authors
Jansen, Dennis W.
Naufal, George S.
Vacaflores, Diego E.
Source
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-09-20
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
This study examines the impact of a remittances shock on the main macroeconomic aggregates of a small open economy.
It uses a stochastic limited participation model to generate dynamics that are consistent with the empirical literature, like the increase in inflation, consumption, and leisure.
However, the remittances shock generates a prolonged decline in GDP, which only diminishes when remittances are a larger percentage of GDP, the fraction of remittances directed towards investment increases, or when the fraction of labor income that remittances represent is reduced and is overturned when the persistence of the remittances shocks is shortened.
American Psychological Association (APA)
Jansen, Dennis W.& Vacaflores, Diego E.& Naufal, George S.. 2012. The Macroeconomic Consequences of Remittances. ISRN Economics،Vol. 2012, no. 2012, pp.1-14.
https://search.emarefa.net/detail/BIM-455458
Modern Language Association (MLA)
Jansen, Dennis W.…[et al.]. The Macroeconomic Consequences of Remittances. ISRN Economics No. 2012 (2012), pp.1-14.
https://search.emarefa.net/detail/BIM-455458
American Medical Association (AMA)
Jansen, Dennis W.& Vacaflores, Diego E.& Naufal, George S.. The Macroeconomic Consequences of Remittances. ISRN Economics. 2012. Vol. 2012, no. 2012, pp.1-14.
https://search.emarefa.net/detail/BIM-455458
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-455458