Papua New Guinea economic survey - a comment
Date
Authors
Curtin, Timothy
Journal Title
Journal ISSN
Volume Title
Publisher
Crawford School of Public Policy, The Australian National University
Asia Pacific Press
Asia Pacific Press
Abstract
Pacific island economies are some of the most remittancedependent in the world. Proposals to lower the costs of sending money across borders are a core recommendation of recent international studies that aim to enhance the development impact of remittances. The potential increase in remittances that recipient countries can expect from such policies depends critically on the sensitivity of remittance transfers to the costs of remitting. This paper provides the first estimates of the costelasticity of remittances, using data from a survey of Tongan migrants in New Zealand. The costs of remitting to Tonga are high by international standards and remittances are found to have a negative cost-elasticity with respect to the fixed fee component of money transfer costs. These findings suggest that Pacific island countries can expect a more than proportionate increase in remittances from a reduction in costs.
Description
Keywords
Citation
Collections
Source
Pacific Economic Bulletin, Vol. 20 , No. 1, 2005
Type
Journal article
Book Title
Entity type
Access Statement
License Rights
DOI
Restricted until
Downloads
File
Description