Rainfall, financial development, and remittances: Evidence from Sub-Saharan Africa

被引：31

作者：

Arezki, Rabah ^{[1
]}

Brueckner, Markus ^{[2
]}

机构：

[1] Int Monetary Fund, Washington, DC 20431 USA

[2] Natl Univ Singapore, Dept Econ, Singapore 117548, Singapore

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 2012年 / 87卷 / 02期

关键词：

Transitory income shocks; Remittances; Financial development; SHOCKS;

D O I：

10.1016/j.jinteco.2011.12.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use annual variations in rainfall to examine the effects that exogenous, transitory income shocks have on remittances in a panel of 41 Sub-Saharan African countries during the period 1970-2007. Our main finding is that on average rainfall shocks have an insignificant contemporaneous effect on remittances. However, the marginal effect is significantly decreasing in the share of domestic credit to GDP. So much so, that at high levels of credit to GDP rainfall shocks have a significant negative effect on remittances, while at low levels of credit to GDP the effect of rainfall on remittances is significantly positive. (C) 2012 Published by Elsevier B.V.

引用

页码：377 / 385

页数：9

共 20 条

[1] Remittances and the Dutch disease [J].