Foreign aid and migrant remittances are voluntary provisions of funds to many developing countries. They provide a means of easing liquidity constraints on the recipient at both micro and macro levels. However, both aid and remittances are motivated not just by altruism, but also self-interest. They may also be classified as arrangements that are mutually beneficial to both the donor and the recipient. The magnitude of these international income transfers is significant, amounting to hundreds of billions of dollars globally each year.
Studying the effects and determinants of these flows are important both on their own and together. Clearly, remittances and aid may interact on several fronts, all of which should be important to policy makers. For example, if remittances provide insurance against negative income shocks, then they may mitigate the impact of reductions in transfers of aid. Conjointly, if remittances fall as aid increases, then the beneficial impact of aid may not be as pronounced.
This special issue will publish papers discussing topics related to foreign aid, migrant remittances, and the possible interaction between the two.
[For additional information, please see the call for papers under “Notes” in the Winter (February) 2010 issue of Journal of Economic Perspectives.]
Suitable topics include but are not limited to:
- Foreign aid flows to developing countries
- Migrant remittances to poor countries
- The issues of altruism, self interest, and mutually beneficial arrangements
- The determinants and efficacy of aid flows
- The determinants and impact of migrant remittances on the destination country
- Interaction between foreign aid and remittances, through the questions of substitution, complementarity, allocation, or development
- Public policy towards foreign assistance and remittances
Submission of papers by: 1 May, 2010
Editorial decision based on referees' reports by: 1 July, 2010
Final drafts of revised (or accepted) papers by: 1 September, 2010
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