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Author: Maurizio Bussolo Publisher: ISBN: Category : Emigrant remittances Languages : en Pages : 36
Book Description
Econometric analysis has established a negative relationship between labor supply and remittances in Jamaica. The authors incorporate this ex-post evidence in a general equilibrium model to investigate economy-wide effects of increased remittance inflows. In this model, remittances reduce labor force participation by increasing the reservation wages of recipients. This exacerbates the real exchange rate appreciation, hurting Jamaica's export base and small manufacturing import-competing sector. Within the narrow margins of maneuver of a highly indebted government, the authors show that a revenue-neutral policy response of a simultaneous reduction in payroll taxes and increase in sales taxes can effectively counteract these potentially negative effects of remittances.
Author: Namsuk Kim Publisher: World Bank Publications ISBN: Category : Employees Languages : en Pages : 18
Book Description
Abstract: A puzzle in the recently stagnated economy of Jamaica is that high rates of unemployment have persisted even when real wages have been increasing. This paper examines aspects of the labor supply in an effort to understand why high rates of unemployment have existed with increasing real wages. This is a sign of a badly functioning labor market. The cross-sectional analysis suggests that remittances have some impact on labor supply, especially on labor market participation. The pseudo panel data analysis also confirms that remittances have a strong impact on labor participation but not on weekly working hours. Households with remittance income have a higher reservation wage and have reduced the supply of labor by moving out of the labor force.
Author: Maurizio Bussolo Publisher: ISBN: Category : Emigrant remittances Languages : en Pages : 36
Book Description
Econometric analysis has established a negative relationship between labor supply and remittances in Jamaica. The authors incorporate this ex-post evidence in a general equilibrium model to investigate economy-wide effects of increased remittance inflows. In this model, remittances reduce labor force participation by increasing the reservation wages of recipients. This exacerbates the real exchange rate appreciation, hurting Jamaica's export base and small manufacturing import-competing sector. Within the narrow margins of maneuver of a highly indebted government, the authors show that a revenue-neutral policy response of a simultaneous reduction in payroll taxes and increase in sales taxes can effectively counteract these potentially negative effects of remittances.
Author: Pablo Fajnzylber Publisher: World Bank Publications ISBN: 0821368710 Category : Business & Economics Languages : en Pages : 410
Book Description
Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9290928336 Category : Business & Economics Languages : en Pages : 272
Book Description
This publication showcases the beginnings of the People‘s Republic of China–Asian Development Bank knowledge sharing platform, its context, activities, challenges, and lessons learned. It concludes by mapping out the next steps to bring it to its strategic mission.
Author: Saumik Paul Publisher: Springer Nature ISBN: 981156860X Category : Business & Economics Languages : en Pages : 297
Book Description
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
Author: Evans S. Osabuohien Publisher: Springer Nature ISBN: 3030415139 Category : Political Science Languages : en Pages : 670
Book Description
This handbook examines agricultural and rural development in Africa from theoretical, empirical and policy stand points. It discusses the challenges of the United Nations Sustainable Development Goals (SDGs) and assesses how poverty and other development concerns can be addressed in rural communities through agricultural transformation. Additionally, the handbook extends the Post-2015 Development Agenda and it emphasizes the importance of the agricultural sector as it is closely related to the issues of food sustainability, poverty reduction, and employment creation. The contributors suggest multiple evidence-based policies to develop the rural areas through the transformation of the agricultural sector which can significantly benefit the African continent.
Author: Sanket Mohapatra Publisher: World Bank Publications ISBN: 0821385534 Category : Social Science Languages : en Pages : 380
Book Description
Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.
Author: World Bank Publisher: World Bank Publications ISBN: 0821380192 Category : Political Science Languages : en Pages : 364
Book Description
The main objective of this report is to help policymakers in the Caribbean design an agenda of policy actions to accelerate trade integration and growth and reduce poverty. The report is a joint response from the World Bank and the Organization of American States (OAS) to a demand statement from the member states of CARICOM, formulated by the Caribbean Regional Negotiating Machinery and the CARICOM Secretariat, to strengthen the analytical underpinnings of the linkages between trade, economic growth, and poverty. It aims at centering the Caribbean's next round of trade reforms and its overall agenda around trade on these key thematic areas. The report provides an overview of the economic and trade system context of the Caribbean, under which the new trade environment is operating. It then discusses the opportunities and challenges for the Caribbean associated with the new trade environment. It finally quantifies the gains from global trade integration using a dynamic macroeconomic analysis. The report provides policy priorities to accelerating Caribbean integration into the world economy and to reap the benefits of global competition. Each part of the report focuses on a key question and adds value by providing an in-depth analysis of the issues raised and laying the foundations for policy recommendations described in the last chapter of the report: * Part I (Overview of economic and trade system context): is Caribbean's economic and trade system sound enough to sustain the new era of its global trade relations which is being shaped? * Part II (Focuses on the analysis of the new opportunities and challenges of the new trade environment): what are the opportunities and challenges that the new trade environment offers to the Caribbean? * Part III (Presents an assessment of the impact of the EPA on growth and poverty using two types of macroeconomic models): what are the gains in terms of growth and poverty reduction of the recently negotiated EPA?
Author: AKM Ahsan Ullah Publisher: Springer Nature ISBN: 9811517541 Category : Political Science Languages : en Pages : 235
Book Description
This book investigates the long-term impact of migration on development, engaging in a thorough analysis of the pertinent factors in migration. Migration scholars and stakeholders have long placed emphasis on the necessity of migration for development. At the heart of this book is the question: Has migration made development necessary, or is it the other way around? While existing literature is predominantly occupied with positive impressions about the migration-development nexus, this book challenges associated pervasive generalizations about the impact of migration, indicating that migration has not impacted all regions equally. This volume thus grapples with the different extents to which migration has impacted development by delving into the social costs that migrants often pay in the long run. With empirical support, this book proffers that some countries are becoming over-dependent on migration. An excellent resource for both policymakers working on migration policy, and scholars in international relations, migration and development studies, this book presents a range of innovative ideas in relation to the remittance-development nexus.
Author: Maurizio Bussolo
Author: Namsuk Kim
Author: Maurizio Bussolo
Author: Pablo Fajnzylber
Author: Asian Development Bank
Author: Saumik Paul
Author: Dilip Ratha
Author: Evans S. Osabuohien
Author: Sanket Mohapatra
Author: World Bank
Author: AKM Ahsan Ullah