Migrant Workers’ Remittances and Macroeconomic Policy in Jordan
نویسنده
چکیده
Migrant remittances play an important role in many labor exporting countries in the world today. In some cases, remittances are the single most important source of foreign exchange. Because foreign exchange is a scant resource in many of the labor exporting countries, mobilizing remittances could ease foreign exchange bottlenecks, helping thus, to mitigate development finance, improve balance of payments and alleviate pressures on external borrowing. The inflow of remittances to the labor exporting countries is, however, affected by various macro and micro factors. The majority of the literature about remittances focuses on the micro determinants of the inflow of remittances. Though it has been frequently argued that migrant remittances may significantly be affected by economic policy failures, there is relatively little evidence about the macroeconomic determinants of remittances.
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