Title
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
Recommended Citation
Vargas-Silva, C., & Huang, P. (2006). Macroeconomic determinantsof workers’ remittances: Hostversus home country’s economic conditions. Journal of International Trade & Economic Development, 15(1), 81–99. https://doi.org/10.1080/09638190500525779