러시아ㆍ유라시아
연구정보
[경제] Remittances and Social Safety Nets During COVID-19: Evidence From Georgia and the Kyrgyz Republic
키르기스스탄 국외연구자료 연구보고서 - IMF 발간일 : 2023-05-05 등록일 : 2023-05-07 원문링크
Remittance flows in emerging market and developing economies were surprisingly resilient during the COVID-19 crisis, providing much-needed income support for remittance-receiving households. However, households were impacted differently across income distributions. Using novel high-frequency household panel data for Georgia and the Kyrgyz Republic and a difference-in-differences approach, we find that as household income fell during the pandemic, remittance-receiving households were more affected than non-remittance-receiving households. Importantly, we find that the incomes of poor, remittance-receiving households in the Kyrgyz Republic were more adversely affected than their non-remittance-receiving counterparts. In contrast, in Georgia, affluent remittance-receiving households experienced more significant income declines than poor remittance-receiving households. This heterogeneous impact can largely be explained by variations in the effectiveness of social safety nets in the two countries. Our results have important policy implications. Although remittances remained resilient during the pandemic, they affected households differently. As such, policymakers should prioritize addressing gaps in social safety nets to support the most vulnerable.
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| 이전글 | [경제] Regional Economic Outlook for the Middle East and Central Asia, May 2023 | 2023-05-07 |
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| 다음글 | [정치] Russia in the Putin era – a case of bureaucratic authoritarianism? | 2023-05-07 |
