Remittances, capital flows and financial development during the mass migration period, 1870-1913.
This article addresses the question whether the substantial financial flows received by emigration countries contributed to domestic financial development in peripheral Europe before 1914. We quantify a sizable and significant relation between remittances and measures of financial development that i...
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| Format: | Journal article |
| Language: | English |
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Cambridge University Press
2011
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| _version_ | 1826295523188932608 |
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| author | Esteves, R Khoudour-Castéras, D |
| author_facet | Esteves, R Khoudour-Castéras, D |
| author_sort | Esteves, R |
| collection | OXFORD |
| description | This article addresses the question whether the substantial financial flows received by emigration countries contributed to domestic financial development in peripheral Europe before 1914. We quantify a sizable and significant relation between remittances and measures of financial development that is both larger than the contribution of other international capital flows and the best estimates of the same relation today. Given that financial development is regularly included among the conditions for economic growth and catch-up of developing nations, this article adds to our understanding of the multiple impacts of the mass migration phenomenon on the economies of emigration countries. |
| first_indexed | 2024-03-07T04:02:21Z |
| format | Journal article |
| id | oxford-uuid:c5021c79-3cbe-49cf-8104-292452f221b1 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T04:02:21Z |
| publishDate | 2011 |
| publisher | Cambridge University Press |
| record_format | dspace |
| spelling | oxford-uuid:c5021c79-3cbe-49cf-8104-292452f221b12022-03-27T06:27:55ZRemittances, capital flows and financial development during the mass migration period, 1870-1913.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c5021c79-3cbe-49cf-8104-292452f221b1EnglishDepartment of Economics - ePrintsCambridge University Press2011Esteves, RKhoudour-Castéras, DThis article addresses the question whether the substantial financial flows received by emigration countries contributed to domestic financial development in peripheral Europe before 1914. We quantify a sizable and significant relation between remittances and measures of financial development that is both larger than the contribution of other international capital flows and the best estimates of the same relation today. Given that financial development is regularly included among the conditions for economic growth and catch-up of developing nations, this article adds to our understanding of the multiple impacts of the mass migration phenomenon on the economies of emigration countries. |
| spellingShingle | Esteves, R Khoudour-Castéras, D Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title | Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title_full | Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title_fullStr | Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title_full_unstemmed | Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title_short | Remittances, capital flows and financial development during the mass migration period, 1870-1913. |
| title_sort | remittances capital flows and financial development during the mass migration period 1870 1913 |
| work_keys_str_mv | AT estevesr remittancescapitalflowsandfinancialdevelopmentduringthemassmigrationperiod18701913 AT khoudourcasterasd remittancescapitalflowsandfinancialdevelopmentduringthemassmigrationperiod18701913 |