Authors
- Citation
- “ World Bank . 2024 . South Asia Development Update, October 2024: Women, Jobs, and Growth . © Washington, DC: World Bank . http://hdl.handle.net/10986/42002 License: CC BY 3.0 IGO . ”
- Collection(s)
- South Asia Development Update
- ISBN
- 978-1-4648-2170-7
- Pages
- 28
- Published in
- United States of America
- Rights
- CC BY 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- http://creativecommons.org/licenses/by/3.0/igo
- UNIT
- The Office of the Chief Economist of the South Asia Region
- URI
- https://hdl.handle.net/10986/42002
- region geographical
- South Asia
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Table of Contents
- Introduction 2
- Questions 2
- Spotlight 2. Mind the Side Effects Remittances and Economic Structure 2
- Main findings 3
- Contributions 3
- Methodologies 4
- Data 4
- Symptom or cause 5
- Development paths 5
- Economic structure 5
- Convergence clubs 6
- Non-agricultural employment 6
- Private investment 6
- Exports 6
- Remittances in convergence clubs 7
- Convergence Remittances versus other foreign exchange inflows 7
- Commodity exports 7
- FDI 7
- ODA 7
- Portfolio investment 7
- Remittance surges 8
- Nepal Remittances. 8
- Nepal Shifts in economic structure 8
- Exports 8
- Consumption 8
- Non-agricultural employment 8
- Pakistan Remittances. 8
- Pakistan Shifts in economic structure 9
- Exports 9
- Private investment 9
- Non-agricultural employment 9
- Subnational economic structure. 9
- Conclusion 9
- Sterilize inflows 10
- Deepen financial systems 10
- Lower trade and payroll taxes 10
- Improve the business climate 11
- Strengthen resilience to loss of remittances 11
- Annex SL2.1 Literature review Economic impact of remittances 11
- Microeconomic studies 11
- Consumption 11
- Investment in human capital 11
- Housing investment 12
- Other investment. 12
- Labor supply 12
- Macroeconomic studies 12
- Output 12
- Consumption 12
- Investment 12
- Housing investment 13
- Trade 13
- Manufacturing or activity in other tradable sectors 13
- Non-tradable sector activity 13
- Labor supply 13
- Financial development 13
- Prices 13
- Real exchange rate 13
- House and other non-tradable consumer prices 14
- Real wages. 14
- Annex SL2.2 Methodology Convergence clubs 14
- Robustness 15
- Sub-samples. 15
- More stringent club selection 15
- Controlling for initial per capita GDP 15
- Annex SL2.3 Methodology Structural breaks in remittance inflows 16
- References 23