Front Matter Page

Policy Development and Review Department

Authorized for distribution by Patricia Alonso-Gamo

Contents

  • I. Introduction

  • II. Labor Migration and Remittances in Tajikistan

    • A. Methodological Constraints

    • B. The Magnitude of Remittances to Tajikistan

    • C. Statistical Treatment

  • III. The Macroeconomic Impact of Remittances

    • A. Possible Theoretical Approaches

    • B. The Contribution of Remittances to Development

    • C. Policy Challenges of Remittances

  • IV. Conclusions

  • V. Appendix I. Possible Theoretical Treatment of Remittances

  • VI. References

  • Box

  • 1. Estimates of Emigration and Remittances to Tajikistan

  • Figures

  • 1. Tajikistan: Sources of Foreign Exchange, 2004

  • 2. Remittances Through the Banking System

  • 3. The Keynesian Model

  • 4. The Mundell-Fleming Model

  • 5. The Rybczynski Effect

  • Tables

  • 1. Remittances at a Glance

  • 2. Tajik migrants income statement

The Macroeconomics of Remittances: The Case of Tajikistan
Author: Mr. Alexei P Kireyev