Global Crisis, Remittances, and Poverty in Asia
ADB | 2012 | ISBN: 9290926986 9789290926993 | 228 pages | PDF | 6 MB
This publication presents a comprehensive discussion on the impact of the global financial crisis (2008–2009) on certain Asian economies at different levels of analysis—showcasing cross-country regression, computable general equilibrium modeling, and microeconometric modeling.
Using different measures of remittances, cross-country regression analyses suggest that a 10% increase in remittances leads to a 3%–4% rise in real gross domestic product per capita. At the same time, the analyses show that remittances exert a negative impact on aggregate poverty. Moreover, these money transfers from abroad exert important impacts on the macroeconomy that include improving external current accounts, alleviating debt burdens, appreciation of domestic currencies, and moderating inflation.
Contents
Foreword
Acronyms and Abbreviations
Contributors
Chapter 1: Introduction
A. Background
B. Motivation and the Main Purpose of the Study
C. Organization of the Book
Chapter 2: Effects of Global Crisis on Remittance and Poverty in Asia
A. Introduction
B. The Pros and Cons
C. The Latest Progress
D. Distilling Key Lessons from the Study Results
E. Results Summary
1. Global Asia
2. Bangladesh
3. Indonesia
4. Pakistan
5. The Philippines
6. Viet Nam
7. Overall
8. Migrants and Their Families
F. Conclusions and Policy Implications
1. Policy Implications
2. Other Key Issues
Chapter 3: A Macro View of the Impacts of International Remittances: Changing Measures, Changing Results?
A. Introduction
B. The Ideal Measure of Remittances
C. Estimation Procedures
D. Empirical Results
1. Economic Growth
2. Poverty
3. Consumption. Exports, and Investment
E. Conclusion and Implications
F. Tables
Chapter 4: Effects of Global Crisis on Remittances and Poverty:
Country Case Studies
A. Bangladesh
1. Introduction
2. Effects of the Global Crisis
3. Remittances
4. Ready-Made Garment Exports
5. Conclusion and Policy Implications
6. Tables
B. Indonesia
1. Introduction
2. Effects of the Global Crisis
a. Labor migration and remittances
b. Remittances in household incomes
c. Remittances and consumption expenditure patterns
d. Remittances, poverty, and inequality
3. Conclusion and Policy Implications
4. Tables
C. Pakistan
1. Introduction
2. Crises, Migration, and Remittances
a. External shocks and developing economies
b. Remittance flows to Pakistan during the global crisis
3. Previous Research on Remittances to Pakistan
4. Pakistan's Rising Remittances: Initiatives and Response to Crisis.
5. Impact of Global Financial Crisis on Pakistani Exports
6. Quantifying the Impact of Remittances
a. Macro and nieso level effects
b. Welfare analysis
7. Conclusion
8. Tables
D. Philippines
1. Introduction
2. Crisis and Demand for Migrant Workers
3. Cushioning the Impact on Migrants and Their Families
4. Impact of the Crisis on Host Countries
5. Impact of the Crisis on Households with Migrant Members
a. Impact of international remittances on the income ranking of households
b. Impact of the global economic crisis on the income ranking of remittance-receiving households
6. Conclusion and Recommendations
7. Tables
E. Viet Nam
1. Introduction
2. An Overview of International Remittances to Viet Nam
3. Related Previous Studies
4. International Remittances and Poverty in Viet Nam: An Update
a. Data sources
b. Poverty: A brief assessment
c. Receipt of international remittances
d. Summing up
5. Impacts of Remittances on Poverty: A Microeconometnc Analysis
a. Model specification and data
b. Results and interpretations
6. Impacts of Remittances at Macro and Sector Levels Using a Computable General Equilibrium Model
a. Model and data
b. Simulation results
7. Key Findings and Policy Implications
8. Tables
Chapter 5: Impact on Migrants and Their Families: Survey-Results
A. Introduction
B. Main Results
1. Profile of Migrants and Migrant Households
2. Knowledge and Expectations about the Crisis
3. Impact on Out-Migration
4. Impact on Household Income
5. Impact on Savings and Investments
6. Impact on Remittance Dynamics
7. Migrant Household Coping Mechanisms
8. Migrant Worker Coping Mechanisms
9. Assistance to Migrant Households
C. Conclusion and Policy Implications
D. Tables
Appendix: Survey Design and Methodology
i. Bangladesh
ii. Indonesia
iii. Philippines
References