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

Research output: Contribution to journalArticlepeer-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 languageEnglish
Pages (from-to)33-39
Number of pages7
JournalEconomics and Business Letters
Volume12
Issue number1
DOIs
Publication statusPublished - Mar 2023

Bibliographical note

Publisher Copyright:
© 2023, Oviedo University Press. All rights reserved.

Fingerprint

Dive into the research topics of 'COVID-19 and remittances to Mexican states'. Together they form a unique fingerprint.

Cite this