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This compares with an average growth rate of 5.6% between 2004 and 2007, when the region's income was boosted by an improving terms of trade, high remittances from migrant workers and a strong global economy.
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The Philippines is one of the top migrant sending countries and is often lauded as a model migrant country due to its skilled migrant labor force, high remittance rates and forward-thinking government policies.
Often lauded as a model migrant country due to its skilled migrant labor force, high remittance rates, and its forward-thinking government policies, it is not without its critics.
Thus for overseas Pakistanis, where the probability of returning was extremely high, remittance levels did not decline [ 38].
We find the higher income earned by migrants, rather than characteristics of their family situations explains much of the higher remittances.
The results indicate while higher remittances continue to increase education spending, school quality matters.
Findings of the Chinese study were primarily explained by the higher remittances received by older people in skipped generation households from their absent adult children, who had most often migrated to urban areas for work.
Taken as a share of GDP, Liberia is the world's second-highest remittance recipient, behind Tajikstan, and the figure is predicted to have increased to $378m last year.
"The G.C.C. is one of the highest remittance outflow areas globally, with Saudi Arabia coming in second in the world after the United States," said George Naufal, an assistant professor of economics at the American University of Sharjah, in the United Arab Emirates, who co-authored a report on the topic last month.
The higher remittance propensity of nurses is also consistent with other studies that have concluded that women migrants are more frequent and more generous remitters than men.
The charts in Figure 2 suggest that the higher remittance levels of nurse households possibly reflect the higher mean income levels of nurse households for all cohorts (see the first chart in Figure 2).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com