Preprint

Effect of Economic Uncertainty on Remittances Flows from Developed Countries

This article has investigated the effect of economic uncertainty on the remittances sent by migrants residing in developed countries to their home countries. The analysis builds on the economic uncertainty index developed by Ahir et al. (2018, 2019, 2022) that reflects the uncertainty related to economic and political events, regarding both near-term and long term concerns. It has revealed that economic uncertainty has deleterious effects on remittances outflows from developed countries, especially when it reaches high levels. This finding indicates that developing countries will suffer from reduced remittances inflows if the current fragmentation of the world were to become protracted, and result in higher barriers to the movement of capital and people.

Language
Englisch

Classification
Wirtschaft
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Remittances
Subject
Economic Uncertainty
Remittances Outflows
Developed Countries

Event
Geistige Schöpfung
(who)
Gnangnon, Sèna Kimm
Event
Veröffentlichung
(who)
ZBW - Leibniz Information Centre for Economics
(where)
Kiel, Hamburg
(when)
2023

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Preprint

Associated

  • Gnangnon, Sèna Kimm
  • ZBW - Leibniz Information Centre for Economics

Time of origin

  • 2023

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