Remittances provide resilience against disasters in Africa

Naudé, Wim and Bezuidenhout, Henri (2012). Remittances provide resilience against disasters in Africa. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Author Naudé, Wim
    Bezuidenhout, Henri
    Title Remittances provide resilience against disasters in Africa
    Publication Date 2012
    Publisher UNU-MERIT
    Abstract How responsive are remittances to various disasters, both natural and human-made? And would remittances be affected by systemic financial crises (such as the 2008/09 financial crisis)? Using panel data on 23 Sub-Saharan African (SSA) countries over the period 1980 to 2007, we find that remittances are slow to respond to natural disasters, unresponsive to outbreaks of conflict, and will decline, albeit slowly, after a global financial crisis only to the extent that the crisis affects incomes, migration stocks, exchange rates, and the banking system. The relative persistence of remittances suggests that it is a good bulwark against natural disasters and global financial crises in SSA.
    UNU Topics of Focus Migration
    Keyword Remittances
    Migration
    Disasters
    Global financial crisis
    Africa
    JEL F24
    F22
    O55
    Copyright Holder UNU-MERIT
    Copyright Year 2012
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