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Macroeconomic determinants of workers' remittances: Host versus home country's economic conditions.

Abstract:
This study examines the determinants of worker's remittances. Variance decompositions, impulse response functions and Granger causality tests derived from a vector error correction model are used to test if remittances are affected by the macroeconomic conditions of the host (remittance sending) or home (remittance receiving) country. Data from Brazil, Colombia, the Dominican Republic, El Salvador, Mexico and the US are used. The results indicate that remittances respond more to changes in the macroeconomic conditions of the host country, than to changes in the macroeconomic conditions of the home country.

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Publisher copy:
10.1080/09638190500525779

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Publisher:
Routledge
Journal:
Journal of International Trade & Economic Development More from this journal
Volume:
15
Issue:
1
Pages:
81 - 99
Publication date:
2006-01-01
DOI:
ISSN:
1469-9559


Language:
English
UUID:
uuid:84f9fd99-fb0c-400e-9329-2769abdd4a7c
Local pid:
oai:economics.ouls.ox.ac.uk:14961
Deposit date:
2011-08-16

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