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Emigrants’ Remittances and Dutch Disease in Cape Verde

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Author

Summary, in English

Emigrants remittances have increased rapidly over the past two decades. While earlier studies have focused on their microeconomic effect on incomes and poverty in recipient countries, the present study concentrates on the macroeconomic impact of remittances on the real exchange rate in Cape Verde. A main conclusion is that remittances give rise to a sort of Dutch Disease effect and thereby have an adverse effect on the competitiveness of the tradable sector. The magnitude of this effect in Cape Verde is not that large, however. The changing orientation of official aid to more growth-oriented aid, combined with a more export-oriented domestic policy, has contributed to limiting the adverse impact of emigrants remittances on the competitiveness of the Cape Verdean economy.

Publishing year

2006

Language

English

Pages

267-284

Publication/Series

International Economic Journal

Volume

20

Issue

3

Document type

Journal article review

Publisher

Routledge

Topic

  • Economics

Status

Published

ISBN/ISSN/Other

  • ISSN: 1016-8737