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Journal Articles The World Economy Year : 2018

The volatility effect of diaspora's location

Abstract

Remittances can transmit volatility from host to home countries for some common patterns of diaspora's geographical distribution. In a migration portfolio model, the overall risk of volatility of any set of diaspora location is decomposed into a contagion and a concentration risks: a diaspora located in more volatile destinations induces a higher contagion risk, while a diaspora located in few destination countries increases the concentration risk. A series of estimations on a large panel of developing countries over 1995–2015 provide evidence for these two risks. Estimation of a structural model confirms that the geography of diaspora has an indirect impact on the origin country's aggregate instability through remittances.
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Dates and versions

hal-03613528 , version 1 (18-03-2022)

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Éric Rougier, Nicolas Yol. The volatility effect of diaspora's location. The World Economy, 2018, 6 (42), pp.1796-1827. ⟨10.1111/twec.12773⟩. ⟨hal-03613528⟩
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