COVID-19 and remittances to Mexican states

Ana Paula Goerne Luna; Jaime Lara Lara; Luz Daniela Montañez; Regina  Saracho Cueto; Alonso Torre de Silva; Iliana Michelle  Zaldívar Galindo

doi:10.17811/ebl.12.1.2023.33-39

COVID-19 and remittances to Mexican states

Ana Paula Goerne Luna, Jaime Lara Lara^*, Luz Daniela Montañez, Regina Saracho Cueto, Alonso Torre de Silva, Iliana Michelle Zaldívar Galindo

^*Corresponding author for this work

Departamento de Contabilidad, Finanzas y Economía

Research output: Contribution to journal › Article › peer-review

Abstract

With the onset of the COVID-19 pandemic and its negative effect on economic activity, a decrease in remittances was expected. However, on the contrary, remittances have increased in countries like Mexico. Using a fixed-effect model with information at the state level, this study finds evidence that the increase in COVID-19 cases was associated with a higher level of remittances to Mexican states, allowing some degree of insurance against the pandemic. However, remittances did not respond to the decrease in employment caused by the pandemic in local economies. A portion of the observed increases in remittances during the pandemic can be explained by factors at the national level.

Original language	English
Pages (from-to)	33-39
Number of pages	7
Journal	Economics and Business Letters
Volume	12
Issue number	1
DOIs	https://doi.org/10.17811/ebl.12.1.2023.33-39
Publication status	Published - Mar 2023

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© 2023, Oviedo University Press. All rights reserved.

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10.17811/ebl.12.1.2023.33-39

https://reunido.uniovi.es/index.php/EBL/article/view/17904/15584Licence: Unspecified

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AU - Goerne Luna, Ana Paula

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AU - Montañez, Luz Daniela

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AU - Torre de Silva, Alonso

AU - Zaldívar Galindo, Iliana Michelle

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COVID-19 and remittances to Mexican states

Abstract

Bibliographical note

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