Remittances and Microenterprises in Mexico
Remittances and Microenterprises in Mexico

Author: Christopher M. Woodruff

Publisher:

Published: 2001

Total Pages: 40

ISBN-13:

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Does access to capital lead to more robust investment in small scale enterprises in developing economies? We examine the effect of capital constraints on investment levels of microenterprises in Mexico. We use a survey of more than 6000 small firms located in 44 urban areas of Mexico. We focus on one important source of investment capital for Mexican entrepreneurs: earnings from migration by the owner or family members working in the United States. We estimate that remittances are responsible for almost 20% of the capital invested in microenterprises throughout urban Mexico, an additional cumulative investment capital among the firms represented by our sample of about $1.85 billion. Within the ten states with the highest rate of migration to the United States, we estimate that almost than a third of the capital invested in microenterprises is associated with remittances. In additional to showing the importance of remittances in microenterprise development, the findings suggest that access to capital is an important factor in enterprise development.

The U.S.-Mexico Remittance Corridor
The U.S.-Mexico Remittance Corridor

Author: Raúl Hernández-Coss

Publisher: World Bank Publications

Published: 2005-01-01

Total Pages: 117

ISBN-13: 0821360876

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The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.

The U.S.-Mexico Remittance Corridor
The U.S.-Mexico Remittance Corridor

Author: Raúl Hernández-Coss

Publisher: World Bank Publications

Published: 2005

Total Pages: 128

ISBN-13:

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The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.

New Patterns for Mexico
New Patterns for Mexico

Author: Barbara Jean Merz

Publisher:

Published: 2005

Total Pages: 316

ISBN-13:

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This volume examines novel and emerging patterns of U.S. giving to Mexico and their impact on equitable development. in 2005, Mexican migrants living in the U.S. sent billions of dollars to relatives living in Mexico. This bilingual volume asks: What are these new patterns of diaspora giving, and how do they affect equitable development in Mexico?

Remittances
Remittances

Author: Samuel Munzele Maimbo

Publisher: World Bank Publications

Published: 2005

Total Pages: 402

ISBN-13: 0821357948

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Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.

Remittances and Development
Remittances and Development

Author: Pablo Fajnzylber

Publisher: World Bank Publications

Published: 2008-02-08

Total Pages: 410

ISBN-13: 0821368710

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Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.