Cahier 2018-09| Title: | The volatility effect of diaspora’s location: A migration portfolio approach | | Abstract: | Remittances can transmit volatility from migrants’ host countries to migrant’s home country for some common patterns of a country 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 panel of 93 countries over 1995-2015 provide evidence for these two risks and their cumulative effects. Estimation of a structural model confirms that the geography of diaspora has an indirect impact on the origin country’s aggregate instability through remittances. | | Keyword(s): | Migration, remittances, macroeconomic volatility | | Auteur(s) : | Eric Rougier, Nicolas Yol | | JEL Class.: | F24, F3, F4, F62, F63, J61, O11, O15, O47 | Télécharger le cahier Retour à la liste des Cahier du GRETHA (2018) |
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