Macroeconomic Determinants of Workers' Remittances: Host vs. Home Country's Economic Condition

Document Type

Article

Publication Date

3-2006

Department

School of Business

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.

DOI

https://doi.org/10.1080/09638190500525779

First Page

81

Last Page

99

Volume

15

Issue

1

ISSN

09638199

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