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Media type:
E-Article
Title:
Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis
Contributor:
Lartey, Emmanuel K. K.;
Mandelman, Federico S.;
Acosta, Pablo A.
imprint:
Wiley, 2012
Published in:Review of International Economics
Language:
English
DOI:
10.1111/j.1467-9396.2012.01028.x
ISSN:
0965-7576;
1467-9396
Origination:
Footnote:
Description:
<jats:title>Abstract</jats:title><jats:p>Using disaggregated sectorial data for developing and transition countries, this study shows that rising levels of remittances have spending effects that may lead to real exchange rate appreciation, and resource movement effects that favor the nontradable sector at the expense of tradable goods production. These are two characteristics of the phenomenon known as “Dutch disease”. The results further suggest that resource movement effects that favor the nontradable sector should operate stronger under fixed nominal exchange rate regimes.</jats:p>