Remittances Inflows and Fiscal Space in Receiving Countries

Capital inflows and investment in developing countries

Remittances and savings in migrant-sending countries

The economies of a number of Pacific island countries have become increasingly dependent on the remittance of migrants. A series of recent International Labour Office research projects in the South Pacific focused on two countries—Tonga and Western Samoa (Brown 1994). Recommendations from these insights serve as a basis for a policy dialogue with the financial authorities of Pacific island coun...

Fiscal Transparency and Fiscal Policy Outcomes in Oecd Countries

It is widely believed and often argued that budget process transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is far from compelling. We modify the "debt as precommitment" model of Alesina and Tabellini (1990) by allowing for budget inertia and reputational costs. These modest changes produce an equilibrium level...

Emigrant’s remittances, Dutch Disease and capital accumulation in Mekong countries

This paper examines the sectoral and intertemporal impacts of international emigrant remittances by using a vector auto-regression (VAR) estimation focusing on Cambodia, Lao PDR, Myanmar and Vietnam (CLMV countries). The reason for targeting the CLMV countries is that they have still depended largely on remittance-earnings from their emigrant workers in their economies, and that the macroeconom...

Fiscal Impact of Privatization in Developing Countries