Remittances in the Pacific Region

February 1, 2007

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Format: Chicago

Aiko Mineshima, and Christopher Browne. Remittances in the Pacific Region, (USA: International Monetary Fund, 2007) accessed November 12, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.

Subject: Balance of payments, Balance of payments statistics, Economic and financial statistics, Income, Labor, Migration, National accounts, Population and demographics, Remittances

Keywords: Australia and New Zealand, Balance of payments statistics, Country, Government, Government service delivery, Income, Island country, Middle East, Migration, Pacific island countries, Pacific Islands, Remittance channel, Remittance flow, Remittance inflow, Remittances, Tonga, Unrecorded remittance, WP

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/035
Stock No:

WPIEA2007035
ISBN:

9781451865998
ISSN:

1018-5941

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