Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa
Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa
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降雨量、金融发展和汇款：来自撒哈拉以南非洲地区的证据
DOI：
10.1016/j.jinteco.2011.12.010
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发表时间：
2011
期刊：
影响因子：
--
通讯作者：
Markus Bruckner
中科院分区：
文献类型：
--
作者：
Rabah Arezki;Markus Bruckner
我们利用降雨量的年变化来检验1970-2007年期间41个撒哈拉以南非洲国家的外生、暂时性收入冲击对汇款的影响。我们的主要发现是，平均而言，降雨冲击对汇款的同期影响微不足道。然而，边际效应是国内信贷占GDP的比例显著下降。因此，在信贷与GDP之比较高的情况下，降雨冲击对汇款有显著的负面影响，而在信贷与GDP之比较低的情况下，降雨对汇款的影响显著为正。
We use annual variations in rainfall to examine the effects that exogenous, transitory income shocks have on remittances in a panel of 41 Sub-Saharan African countries during the period 1970–2007. Our main finding is that on average rainfall shocks have an insignificant contemporaneous effect on remittances. However, the marginal effect is significantly decreasing in the share of domestic credit to GDP. So much so, that at high levels of credit to GDP rainfall shocks have a significant negative effect on remittances, while at low levels of credit to GDP the effect of rainfall on remittances is significantly positive.