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Remittances and the Brain Drain: Skilled Migrants Do Remit Less
It has been argued that the brain drain’s negative impact may be offset by the higher remittance levels skilled migrants send home. The main finding of this paper, however, is that remittances decrease with the share of migrants with tertiary education. Moreover, remittances seem to increase with source countries’ level […]
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Do International Migration and Remittances Reduce Poverty in Developing Countries?
This paper examines the impact of international migration and remittances on poverty in 71 developing countries. The results show that both international migration and remittances significantly reduce the level, depth, and severity of poverty in the developing world. After allowing for the possible endogeneity of international migration, and controlling for […]
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The Impact of Remittances: Observations in Remitting and Receiving Countries
Remittance flows are an important source of funds for many developing countries. Worker Remittances have been growing rapidly in the past few years and now represent the largest source of foreign income for many developing countries. It is hard to estimate the exact size of remittance flows because many transfers […]
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The New Development Mantra
Remittances have emerged as an important source of external development finance for developing countries in recent years. This paper examines the causes and implications of remittance flows. It suggests a role for an international organization to intermediate these flows to lower transaction costs and increase transparency, which would both enhance […]
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South-South Migration and Remittances
By a rough estimate, in 2005, two of every five migrants in the world — some 78 million out of 191 million migrants — were residing in a developing country. Most of these migrants are likely to have come from other developing countries. However, the extent of migration between developing […]