A theoretical discussion of the role of remittances in a small open economy real business cycle model

Remittances are a large source of external finance especially for developing countries. This paper theoretically explains the role of remittances in a small open economy. It presents an extension to the baseline Real Business Cycle model through the inclusion of financial sector as intermediaries of...

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Main Authors:	Bocago, Charlene Marie L., Gonzales, Jimmie Grace M., Park, Seul Gi
Format:	text
Language:	English
Published:	Animo Repository 2013
Subjects:	Business cycles > Mathematical models Emigrant remittances Economic policy Economics
Online Access:	https://animorepository.dlsu.edu.ph/etd_bachelors/11318
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Institution:	De La Salle University
Language:	English

id	oai:animorepository.dlsu.edu.ph:etd_bachelors-11963
record_format	eprints
spelling	oai:animorepository.dlsu.edu.ph:etd_bachelors-119632022-03-08T02:06:15Z A theoretical discussion of the role of remittances in a small open economy real business cycle model Bocago, Charlene Marie L. Gonzales, Jimmie Grace M. Park, Seul Gi Remittances are a large source of external finance especially for developing countries. This paper theoretically explains the role of remittances in a small open economy. It presents an extension to the baseline Real Business Cycle model through the inclusion of financial sector as intermediaries of these transfers, as depository banks of households, and as a source of external funding for firms in financing the wage bill. In an attempt to explain their role in the economy, the four-sector small open economy model is used to explore the interaction between economic sectors. Considering that remittances are an additional source of income for households, these transfers clearly affect household budget constraint and firm borrowings for wage bill. 2013-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/11318 Bachelor's Theses English Animo Repository Business cycles--Mathematical models Emigrant remittances Economic policy Economics
institution	De La Salle University
building	De La Salle University Library
continent	Asia
country	Philippines Philippines
content_provider	De La Salle University Library
collection	DLSU Institutional Repository
language	English
topic	Business cycles--Mathematical models Emigrant remittances Economic policy Economics
spellingShingle	Business cycles--Mathematical models Emigrant remittances Economic policy Economics Bocago, Charlene Marie L. Gonzales, Jimmie Grace M. Park, Seul Gi A theoretical discussion of the role of remittances in a small open economy real business cycle model
description	Remittances are a large source of external finance especially for developing countries. This paper theoretically explains the role of remittances in a small open economy. It presents an extension to the baseline Real Business Cycle model through the inclusion of financial sector as intermediaries of these transfers, as depository banks of households, and as a source of external funding for firms in financing the wage bill. In an attempt to explain their role in the economy, the four-sector small open economy model is used to explore the interaction between economic sectors. Considering that remittances are an additional source of income for households, these transfers clearly affect household budget constraint and firm borrowings for wage bill.
format	text
author	Bocago, Charlene Marie L. Gonzales, Jimmie Grace M. Park, Seul Gi
author_facet	Bocago, Charlene Marie L. Gonzales, Jimmie Grace M. Park, Seul Gi
author_sort	Bocago, Charlene Marie L.
title	A theoretical discussion of the role of remittances in a small open economy real business cycle model
title_short	A theoretical discussion of the role of remittances in a small open economy real business cycle model
title_full	A theoretical discussion of the role of remittances in a small open economy real business cycle model
title_fullStr	A theoretical discussion of the role of remittances in a small open economy real business cycle model
title_full_unstemmed	A theoretical discussion of the role of remittances in a small open economy real business cycle model
title_sort	theoretical discussion of the role of remittances in a small open economy real business cycle model
publisher	Animo Repository
publishDate	2013
url	https://animorepository.dlsu.edu.ph/etd_bachelors/11318
_version_	1728621083107524608

A theoretical discussion of the role of remittances in a small open economy real business cycle model

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