About: The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries

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About: The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries Goto Sponge NotDistinct Permalink

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	This paper examines the effectiveness of remittances and official development assistance (ODA) in developing countries. It compares the outcomes of aid poured into the economies of the Third World for decades without any visible effect and remittances transferred by emigrants to their countries of origin which proved to be quite effective. We find that remittances have a stronger net positive effect on the increase of GDP per capita in developing economies than development aid. In addition, remittances tend to be higher than ODA funds, they are absorbed by 80-90 per cent (in comparison with 50 per cent of aid budgets spent on administrative and other costs) and do not hinge on institutional quality. The paper advocates the importance of remittances over ODA and supports the wide usage of coherent development policies executed by the developed Western economies with an aim to enhance transparent and efficient remittance transfers as one of the best methods to promote development in less-developed countries (e.g. economies in Africa, Asia or Latin America). This paper examines the effectiveness of remittances and official development assistance (ODA) in developing countries. It compares the outcomes of aid poured into the economies of the Third World for decades without any visible effect and remittances transferred by emigrants to their countries of origin which proved to be quite effective. We find that remittances have a stronger net positive effect on the increase of GDP per capita in developing economies than development aid. In addition, remittances tend to be higher than ODA funds, they are absorbed by 80-90 per cent (in comparison with 50 per cent of aid budgets spent on administrative and other costs) and do not hinge on institutional quality. The paper advocates the importance of remittances over ODA and supports the wide usage of coherent development policies executed by the developed Western economies with an aim to enhance transparent and efficient remittance transfers as one of the best methods to promote development in less-developed countries (e.g. economies in Africa, Asia or Latin America). (en)
Title	The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries (en)
skos:prefLabel	The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries The Role of Remittances as the More Efficient Tool of Development Aid in Developing Countries (en)
skos:notation	RIV/67179843:_____/13:00426112!RIV14-MSM-67179843
http://linked.open...avai/predkladatel	Centrum výzkumu globální změny AV ČR v.v.i.
http://linked.open...avai/riv/aktivita	I P
http://linked.open...avai/riv/aktivity	I, P(ED1.1.00/02.0073), P(EE2.4.31.0056)
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Stojanov, Robert Strielkowski, Wadim
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Centrum výzkumu globální změny AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	103362
http://linked.open...ai/riv/idVysledku	RIV/67179843:_____/13:00426112
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	developing countries; ofﬁcial development aid; remittances; international migration (en)
http://linked.open.../riv/klicoveSlovo	developing countries international migration remittances ofﬁcial development aid
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[B27636117B79]
http://linked.open...i/riv/nazevZdroje	Prague Economic Papers
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...vavai/riv/projekt	Partnership in Climate Research and Adaptation Strategies CzechGlobe - Center for Global Climate Change Impacts Studies
http://linked.open...UplatneniVysledku	2013
http://linked.open...v/svazekPeriodika	22
http://linked.open...iv/tvurceVysledku	Stojanov, Robert Strielkowski, Wadim
http://linked.open...ain/vavai/riv/wos	000330819600004
issn	1210-0455
number of pages	17 (xsd:int)

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