Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234425 
Year of Publication: 
2021
Series/Report no.: 
IAI Discussion Papers No. 252
Publisher: 
Georg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI), Göttingen
Abstract: 
Workers' remittances sent to Latin America declined sharply as the COVID-19 pandemic spread in the first half of 2020, rebounding in the second half. This paper uses a gravity model to estimate the impact of containment and economic support measures, as well as travel restrictions, on remittances sent to Latin America. The results indicate that containment measures and restrictions in internal and international movement in receiving countries are the factors mainly explaining the fall in remittance flows. Moreover, the business cycle in sending countries and the real exchange rate in receiving ones help explain the subsequent recovery of remittances.
Subjects: 
Remittances
Latin America
COVID-19
Lockdown
JEL: 
F10
O10
Document Type: 
Working Paper

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