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The impact of COVID‐19 government responses on remittances in Latin American countries

  • Workers' remittances declined sharply as the COVID‐19 pandemic spread in the first half of 2020, rebounding in the second half. This paper analyses the impact of containment and economic support measures on remittances sent to Latin America during 2019–2020 using a gravity model estimated with the Poisson pseudo‐maximum likelihood estimator (PPML). Results show that containment measures in receiving countries mainly explain the fall in remittance flows, whereas the effect of economic support measures is not robust. Among the traditional explanatory factors, the business cycle and the real exchange rate in receiving countries explain the subsequent recovery of remittances.

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Metadaten
Author:Adriana R. Cardozo SilvaORCiDGND, Luis R. Diaz PavezORCiD, Inmaculada Martínez‐ZarzosoORCiD, Felicitas Nowak‐LehmannORCiD
URN:urn:nbn:de:bsz:960-opus4-35715
DOI:https://doi.org/10.25968/opus-3571
DOI original:https://doi.org/10.1002/jid.3606
ISSN:0954-1748
Parent Title (English):Journal of International Development
Publisher:Wiley
Document Type:Article
Language:English
Year of Completion:2021
Publishing Institution:Hochschule Hannover
Release Date:2025/03/27
Tag:COVID-19; Latin America; PPML; lockdown; remittances
GND Keyword:COVID-19GND; LateinamerikaGND; AusgangssperreGND; Pseudo-Maximum-Likelihood-SchätzungGND; Rücküberweisung <Internationaler Zahlungsverkehr>GND; PandemieGND
Volume:34
Issue:4
Page Number:20
First Page:803
Last Page:822
Institutes:Fakultät IV - Wirtschaft und Informatik
DDC classes:330 Wirtschaft
Licence (German):License LogoCreative Commons - CC BY-NC - Namensnennung - Nicht kommerziell 4.0 International