The impact of natural disasters on remittances to low- and middle-income countries

Giulia Bettin and Alberto Zazzaro ()

No 120, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: In this paper, we offer novel empirical evidence on the impact of natural disasters on remittance flows towards low- and middle-income countries. We consider a panel of 98 countries over the period 1990-2010. Our findings show that remittances increase after a disaster, thus contributing ex post to the reconstruction process. At the same time, we find that remittances play a key role in terms of ex ante risk preparedness for those countries that experienced more disruptive events in the past. Finally, when taking into account the interaction with the level of development of the local financial sector, remittances seem to substitute for less efficient financial systems both in terms of ex post response to disasters and in terms of ex ante risk management strategy.

Keywords: international migration; migrants' remittances; natural disasters (search for similar items in EconPapers)
JEL-codes: F22 F24 Q54 (search for similar items in EconPapers)
Pages: 26
Date: 2016-02
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The Impact of Natural Disasters on Remittances to Low- and Middle-Income Countries (2018)
Working Paper: The Impact of Natural Disasters on Remittances to Low- and Middle-income Countries (2016)
Working Paper: The Impact of Natural Disasters on Remittances to Low- and Middle-income Countries (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:120

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