A better indicator for standard of living: The Gross National Disposable Income

Clara Capelli, Gianni Vaggi 06 March 2014

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Traditionally, the Gross Domestic Product is the most widely accepted indicator of an economy’s size and performance, although in the last decades many contributions have suggested to adopt alternative tools to measure people’s wellbeing (see Stiglitz, Sen, and Fitoussi 2008).

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Topics:  Development

Tags:  Remittances, GNDI, GNI, PPP

Remittances and vulnerability in developing countries: Results from a new dataset on remittances from Italy

Giulia Bettin, Andrea F Presbitero, Nikola Spatafora 10 February 2014

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Remittances from migrant workers currently represent one of the most important financial flows to developing countries. They can play an important role in pulling millions of families out of poverty. It is therefore critical to identify the key factors affecting remittances, as well as the barriers to these flows (Beck and Martinez Peria 2009 ). In particular, it is important to understand how remittances depend on macroeconomic conditions in the migrants’ host country and country of origin, and how they were affected by the global financial crisis.

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Topics:  Development Migration

Tags:  Italy, migration, global financial crisis, financial development, Remittances

What explains the cost of remittances?

Thorsten Beck, Maria Soledad Martinez Peria 28 September 2009

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In 2008, remittances to developing countries reached $328 billion dollars, more than twice the amount of official aid and over half of foreign direct investment flows (World Bank, 2009). Numerous studies have shown that remittances can have a positive and significant impact on economic development along a number of dimensions, including poverty alleviation, education, entrepreneurship, infant mortality, and financial development.

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Topics:  Development

Tags:  competition, banks, Remittances