European Parliament Library

The Global Financial Crisis and Workers' Remittances to Africa, What's the Damage?, Adolfo Barajas [and three others]

Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It forecasts remittance declines into African countries of between 3 and 14 percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The estimated impact on GDP for relatively remittance-dependent countries is 2 percent for 2009, but will likely be short-lived, as host country income is projected to rise in 2010
Table Of Contents
Contents; I. Introduction; II. Measuring African Remittances and Migration; III. Methodology; IV. Estimation and Results; V. Conclusion; References; Tables; 1. Summary of Workers' Remittances Data; 2. Comparing Official to Total Remittance Estimates; 3. Migration-Weighted Growth Rates of Host Country GDP; 4. Forecast Growth Rate of Remittances; 5. Estimated Impact of the Change in Remittances on GDP; 6. Shares of Total Migrants for Each African Country in Each of its Top 10 Destinations; Figures; 1. Geographic Distribution of African Migrants; 2. Average Host Country per Capita GDP
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (23 p.)
Specific Material Designation
Form Of Item

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