Abstract
Remittances have attracted increasing attention in the international dis- course, partly owing to their magnitude and stability in the positive growth trend over the past three decades. A growing consensus is emerging that remittances constitute a significant source of external financing, whose availability, if managed through appropriate policies, could prove particu- larly valuable for capital-scarce developing countries. Though literature is still somewhat inconclusive on how remittances ultimately affect economic growth, there seems to be a general consensus on the fact that complemen- tary policies and sound institutions play an instrumental role in enhanc- ing their impact on development (World Bank, 2008; Pradhan et al., 2008; Catrinescu et al., 2009). Governments typically have only limited space to directly affect the allocation of remittance income, since taxation or man- datory remittance requirements have historically proved rather ineffective and in the majority of the cases have simply led migrants to use informal channels to remit.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Adams, R. H. and J. Page (2005) ‘Do International Migration and Remittances Reduce Poverty in Developing Countries?’ World Development, 33(10), 1645–1669.
Adenutsi. D. E. (2010) ‘Do International Remittances Promote Human Development in Poor Countries? Empirical Evidence from Sub-Saharan Africa’, International Journal of Applied Economics and Finance, 4(1), 31–45.
Azad, A. K. (2005) ‘Migrant Workers’ Remittances: A Source of Finance for Micro-Enterprise Development in Bangladesh?’ in S. M. Maimbo and D. Ratha (eds) Remittances: Development Impact and Future Prospects (Washington, DC: World Bank).
Bourdet, Y. and H. Falck (2004) ‘Emigrants’ Remittances and Dutch Disease in Cape Verde.’ Available at: http://www.virtualcapeverde.net/news2/modules/Downloads/ docs/emigration_dutch_disease.pdf.
Catrinescu N., M. Leon-Ledesma, M. Piracha and B. Quillin (2009) ‘Remittances, Institutions, and Economic Growth’, World Development, 37(1), 81–92.
Central Bureau of Statistics (2011a) Nepal Living Standards Survey 2010/11 (Kathmandu: Central Bureau of Statistics).
Central Bureau of Statistics (2011b) ‘Poverty in Nepal in 2010/11.’ (Kathmandu: Central Bureau of Statistics
Chami, R., C. Fullenkamp and S. Jahajah (2003) ‘Are Immigrant Remittance Flows a Source of Capital for Development?’ IMF Working Paper,Wp/03/189, Washington.
Chimhowu, A. O., J. Piesse and C. Pinder (2005) ‘The Socioeconomic Impact of Remittances on Poverty Reduction’, in S. M. Maimbo and D. Ratha (eds) Remittances: Development Impact and Future Prospects (Washington, DC: World Bank).
De Bruyn, T. and U. Kuddus (2005) ‘Dynamics of Remittance Utilization in Bangladesh.’ IOM Migration Research Series, 1
De Hass, H. (2005) ‘International Migration, Remittances and Development: Myths and Facts’ Third World Quarterly, 26(8), 1243–1258.
De Wind, J. and J. Holdaway (2005) ‘Internal and International Migration in Economic Development’. Available at: http://www.un.org/esa/population/publications.
Ellerman, D. (2003) ‘Policy Research on Migration and Development’ World Bank Policy Research Working Paper 3117, August.
El-Sakka, M. I. T. (1997) ‘Migration Remittances: Policy Options of Host Countries and Countries of Origin.’ Available at: http://www.cba.edu.kw/elsakka.
Grieco, E. (2004) ‘Will Migrant Remittances Continue Through Time? A New Answer to an Old Question’ IJMS: International journal on Multicultural Societies 6(2), 243–2S2.
Grigorian, D. A. and T. A. Melkonyan (2011) ‘Destined to Receive: The Impact of Remittances on Household Decisions in Armenia’ Review of Development Economics, 15(1), 139–153.
International Monetary Fund (2009) Balance of Payments and International Investment Position Manual (BPM6) (Washington, DC: International Monetary Fund).
Kharel, P. (2011) ‘Remittances as Development Resource: The Experience of Nepal.’ Paper presented at the Asia-Pacific Regional Meeting on ‘Implementing the Istanbul Programme of Action’, ESCAP, Bangkok, 14–16 December.
Mohapatra, S., G. Joseph and D. Ratha (2009) ‘Remittances and Natural Disasters: Ex-post Response and Contribution to Ex-ante Preparedness’, Policy Research Working Paper Series, No. 4972. Washington, D.C: IMF.
Nepal Rastra Bank (2002a) Foreign Employment and the Remittance Economy of Nepal (in Nepali) (Kathmandu: Nepal Rastra Bank).
Nepal Rastra Bank (2002b) Monetary Policy and Program for FY 2002/03 (Kathmandu: Nepal Rastra Bank).
Nepal Rastra Bank (2004) Monetary Policy and Program for FY 2004/05 (Kathmandu: Nepal Rastra Bank).
Nepal Rastra Bank (2012a) Quarterly Economic Bulletin 47:1 (Kathmandu: Nepal Rastra Bank).
Nepal Rastra Bank (2012b) Impact Evaluation of Remittances: A Case Study ofDhanusha District (Janakpur Office: Nepal Rastra Bank).
Nepal Rastra Bank (2013a) Monetary Policy and Program for FY 2013/14 (Kathmandu: Nepal Rastra Bank).
Nepal Rastra Bank (2013b) ‘Current Macroeconomic Situation of Nepal (Based on Annual Data of 2012/13).’ (Kathmandu: Nepal Rastra Bank
Odozi, J. C, T. T. Awoyemi and B. T. Omonona (2010) ‘Household Poverty and Inequality: The Implication of Migrants’ Remittances in Nigeria’ Journal of Economic Policy Reform 13 (2), 191–199.
Orozco, M. and R. Fedewa (2006) ‘Leveraging Efforts on Remittances and Financial Intermediation’ INTAL Working Paper, No. 1448, Inter-American Development Bank.
Pant, B. (2011) ‘Harnessing Remittances for Productive Use in Nepal’, NRB Economic Review, 23, 1–20 April.
Pradhan G., M. Upadhyay and K. Upadhyaya (2008) ‘Remittances and Economic Growth in Developing Countries’ European Journal of Development Research. 20(3): 497–5
Sander, C. and S. M. Maimbo (2005) ‘Migrant Remittances in Africa: A Regional Perspective’ in S. M. Maimbo and D. Ratha (eds) Remittances: Development Impact and Future Prospects (Washington, DC: World Bank).
Sherpa, D. (2010) Labor Migration and Remittances in Nepal (Kathmandu: ICIMOD).
Suksomboon, P. (2008) ‘Remittances and’ social Remittances’: Their Impact on Livelihoods of Thai Women in the Netherlands and Non-migrants in Thailand’, Gender, Technology and Development 12 (3): 461–482.
UNCTAD (2012) The Least Developed Counties Report 2012: Harnessing Remittances and Diaspora Knowledge to Build Productive Capacities (Geneva: UNCTAD).
Woodruff, C. M. and R. Zenteno (2007) ‘Remittances and Microenterprises in Mexico’, Journal of Development Economics, 82(2): 509–528.
World Bank (2008) Remittances and Development Lessons from Latin America. (Washington, DC: World Bank).
World Bank (2011) ‘Large-scale Migration and Remittance in Nepal: Issues, Challenges, and Opportunities’ (Washington, DC: World Bank).
World Bank (2013) Migration and Development Brief 20 (Washington, DC: World Bank).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2014 Bhubanesh Pant
About this chapter
Cite this chapter
Pant, B. (2014). Uses and Impacts of Remittances in Nepal. In: Rahman, M.M., Yong, T.T., Ullah, A.K.M.A. (eds) Migrant Remittances in South Asia. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137350800_13
Download citation
DOI: https://doi.org/10.1057/9781137350800_13
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-46858-4
Online ISBN: 978-1-137-35080-0
eBook Packages: Palgrave Intern. Relations & Development CollectionPolitical Science and International Studies (R0)