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Journal of Post Keynesian Economics Volume 36, 2014 - Issue 3
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Original Article

The remittance multiplier (-1) theorem

Luis Alberto Alonso González Department of Applied Economics, Universidad Complutense de Madrid (UCM), Spain
&
Bruno Sovilla Department of Economics of the Faculty of Social Sciences, Universidad Autónoma de Chiapas (UNACH), Mexico
Pages 541-554 | Published online: 09 Dec 2014

References

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  • Chami, R.; Barajas, A.; Cosimano, T.; Fullenkamp, C.; Gapen, M.; and Montiel, P. "Macroeconomic Consequences of Remittances." Occasional Paper, 2008. Washington, DC: International Monetary Fund.
  • Chami, R.; Fullenkamp, C.; and Jahjah, S. "Are Immigrant Remittance Flows a Source of Capital for Development?" IMF Staff Papers, 2005, 52 (1).
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  • Glytsos, N. P. "The Contribution of Remittances to Growth: A Dynamic Approach and Empirical Analysis." Journal of Economic Studies, 2005, 32 (5/6), 468-497.
  • Haavelmo, T. "Multiplier Effects of a Balanced Budget." Econometrica, 1945, 13, 311-318.
  • Lopez, H.; Bussolo, M.; and Molina, L. "Remittances and the Real Exchange Rate: Are There Reasons to Be Concerned About Dutch Disease in Latin America?" Policy Research Working Paper, 2006, no. 4213, World Bank.
  • Loser, C.; Lockwood, C.; Minston, A.; and Balcazar, L. "The Macro-Economic Impact of Remittances in Latin America: Dutch Disease or Latin Cure?" Mimeo, Inter-American Dialogue, 2006.
  • Rajan, R., and Subramanian, A. "What Undermines Aid's Impact on Growth?" IMF Working Paper, 2005 (05/126).
  • Van Wijnbergen, S. "The Dutch Disease: A Disease After All?" Economic Journal, 1984, 94, 41-45.

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