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Are remittances manna from heaven? A look at the business cycle properties of remittances.

Abstract:

This article documents the business cycle properties of workers’ remittance flows to Mexico. We also discuss key differences between the cyclical properties of remittance inflows and the cyclical properties of foreign direct investment (FDI). We find evidence that remittances are countercyclical with respect to Mexico's business cycle. However, this result is not robust to the use of different measures of remittances. The lack of a robust relationship between remittances and Mexico's business...

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Publisher copy:
10.1016/j.najef.2008.03.001

Authors


Publisher:
Elsevier
Journal:
North American Journal of Economics and Finance
Volume:
19
Issue:
3
Pages:
290 - 303
Publication date:
2008-01-01
DOI:
ISSN:
1062-9408
Language:
English
UUID:
uuid:1e7335ef-9905-480e-9b46-3ccf190daa9d
Local pid:
oai:economics.ouls.ox.ac.uk:14965
Deposit date:
2011-08-16

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