The Impact of Remittances on Economic Activity
Intro -- Cover -- Contents -- 1 Introduction -- 2 Importance of remittances -- 2.1 Literature review -- 2.2 Recent trends in remittances -- 2.3 Remittances and economic growth -- 3 Model for remittances' impact -- 3.1 Definitions -- 3.2 Intuition of the result -- 4 Data -- 4.1 Eora Database -- 4.2 Remittances data -- 5 Empirical results -- 5.1 Centrality measures of the sectoral network of the economy -- 5.2 Importance of sectoral linkages in the economy -- 5.3 Effect of remittances on sectoral output growth across economic sectors -- 5.4 Importance of linkages in explaining sectoral growth -- 5.5 Effect of sectoral linkages on total output -- 6 Conclusion -- A Proof of Proposition 1 -- List of Figures -- 1 Remittances Inflows and Growth in SSA and the World, 1990-2018 -- 2 Remittances in SSA -- 3 Remittances and GDP Growth in SSA, 2010-18 -- 4 Simple Example of Changes in Demand and Sectoral Linkages (Three Sectors) -- 5 Sectors Included in the Eora MRIO Database -- 6 Structure of the Eora Database -- 7 Network Structure of Intersectoral Flows in SSA, 2011-15 -- 8 Correlation of the Two Network Measures Considered -- 9 Sectoral Linkages across Sectors (Bonacich Centrality) -- 10 Sectoral Linkages across Sectors (Weighted Outdegree) -- 11 R̃ Variable across Sectors -- 12 Changes in R̃ and Sectoral Output Growth (Weighted Outdegree) -- 13 Sectoral Linkages and Sectoral Output Growth (Weighted Outdegree) -- 14 Sectoral Linkages and Sectoral Output Growth (Bonacich Centrality) -- 15 Sectoral Linkages and Total Output Growth (Weighted Outdegree) -- 16 Sectoral Linkages and Total Output (Bonacich Centrality) -- List of Tables -- 1 Uses of Remittances Receipts in Selected African Countries, by Source -- 2 Effect of Remittances Inflows on the Economic Sectors (Output), by Country, Period 2011-15.
