Remittances and business cycles: evidence from Portugal

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dc.contributor.authorCorreia, Leonida Amaral Tomaspt_PT
dc.contributor.authorMartins, Patricia Sofia Figueiredopt_PT
dc.date.accessioned2020-10-09T10:45:15Z
dc.date.available2020-10-09T10:45:15Z
dc.date.issued2017-04
dc.description.abstractRemittances play a central role in the study of the socio-economic effects of migration flows. A substantial amount of literature in this field has investigated the determinants of remittances and their impact in the long run. However, the cyclical properties of remittances are not yet well defined. We study this question for Portugal over the period from 1996 to 2015, to discover whether remittances received in Portugal are countercyclical or procyclical with Portuguese, French and Swiss outputs (France and Switzerland being the two main host remitting countries). Using bilateral correlations and econometric model regression approaches, we examine the ability of remittances to smooth macroeconomic shocks, and we compare their role with that of other external financial sources. Specifically, we try to understand whether the recent sovereign debt crisis, which had extensive negative economic and social consequences particularly in southern European countries, has changed the cyclicality of Portuguese remittance inflows. The empirical results suggest a positive answer.pt_PT
dc.identifier.urihttp://hdl.handle.net/10348/10097
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.ispartofCETRAD - Centro de Estudos Transdisciplinares para o Desenvolvimentopt_PT
dc.rightsopen accesspt_PT
dc.subjectmigrationpt_PT
dc.subjectremittancespt_PT
dc.subjectcyclicalitypt_PT
dc.subjectsovereign debt crisispt_PT
dc.subjectPortugalpt_PT
dc.titleRemittances and business cycles: evidence from Portugalpt_PT
dc.title.alternativeEuro-Mediterranean Migration Congresspt_PT
dc.typeconferenceObjectpt_PT
degois.publication.firstPage85pt_PT
degois.publication.lastPage85pt_PT
degois.publication.locationMadridpt_PT
degois.publication.titleExoMedpt_PT
dspace.entity.typePublicationen
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