The Macroeconomics of Remittances: The Case of Tajikistan

By A. Kireyev. Social Science Research Network, 2006

135 citations recorded by the source corpus.

The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/693225c5fe51ed1394d86c59846cae06774d555e

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Citations in the corpus

Migrants’ Remittances and Financial Development: Macro‐ and Micro‐Level Evidence of a Perverse Relationship (2013, background): “From a global and macroeconomic perspective, remittances have come to be recognised as an important and stable source of development finance for poor, labour-exporting countries (Djajic, 1986, 1998; Nikas and King, 2005; Kireyev, 2006; Vargas-Silva and Huang, 2006).”
Remittances, migration, and social development (2007, background): “It has, therefore, been argued that emigration could diminish pressure for domestic reforms (Kireyev 2006).”
Remittances and Household Expenditure Patterns in Tajikistan: A Propensity Score Matching Analysis (2011, background): “A number of studies underlin the major role of internal and external remittances in coping with the social consequences of the transition process (Olimova and Bosc 2003, World Bank 2005a, Kireyev 2006, Mughal 2006, Jones t al.”
Mobility and Human Development (2009, background): “…migration and remittances can become an instrument to diminish pressure for structural domestic reform and can effectively sustain the position of elite groups rather than lead to change and emancipation of minority groups (Castles and Delgado Wise 2008; de Haas 2007c; Gammage 2006; Kireyev 2006).”