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dc.contributor.authorMagnusson, Kristinen
dc.date.accessioned2012-02-15-
dc.date.accessioned2012-03-28T13:05:06Z-
dc.date.available2012-03-28T13:05:06Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/56165-
dc.description.abstractThe current economic slowdown in the United States and the decline in remittance growth to some Latin American countries have intensified the interest in the relationship between these variables. We investigate whether host country conditions affect remittance outflows to Latin America, focusing on the roles of regional U.S. business cycles, geographical variation in immigrant density and sectoral factors. Using quarterly data for 1995-2008, we find that remittance flows are strongly influenced by economic conditions in the specific regions of the U.S. where migrants are clustered, as well as in the sectors especially important for immigrants' employment opportunities. The results are in sharp contrast to previous research suggesting that remittance flows are relatively insensitive to fluctuations in the aggregate U.S. business cycle. Precise estimation of these linkages is also shown to matter for gauging the sensitivity of remittances to economic conditions in the home country, and hence the extent to which remittances might buffer domestic shocks as well as transmitting external ones.en
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x710en
dc.subject.jelE32en
dc.subject.jelF15en
dc.subject.jelF22en
dc.subject.jelF24en
dc.subject.jelR11en
dc.subject.ddc330en
dc.subject.keywordRemittancesen
dc.subject.keywordBusiness Cyclesen
dc.subject.keywordCentral Americaen
dc.subject.keywordMexicoen
dc.subject.keywordUnited Statesen
dc.subject.stwRegionaler Konjunkturzyklusen
dc.subject.stwRücküberweisung (Migranten)en
dc.subject.stwLateinamerikaen
dc.subject.stwMexikoen
dc.subject.stwUSAen
dc.titleThe impact of US regional business cycles on remittances to Latin America-
dc.typeWorking Paperen
dc.identifier.ppn592506134en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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