A gravity model of remittance determinants: evidence from Latin America and the Caribbean

被引:21
作者
McCracken, Scott [1 ]
Ramlogan-Dobson, Carlyn [1 ]
Stack, Marie M. [2 ]
机构
[1] Univ Hull, Hull Univ Business Sch, Cottingham Rd, Kingston Upon Hull HU6 7RX, N Humberside, England
[2] Nottingham Trent Univ, Nottingham Business Sch, Burton St, Nottingham NG1 4BU, England
关键词
gravity model; bilateral remittances; Latin America; MACROECONOMIC DETERMINANTS; INTERNATIONAL REMITTANCES; EXCHANGE-RATE; SPECIFICATION; REGRESSION; MIGRATION; INSURANCE; FAMILY; TESTS;
D O I
10.1080/00343404.2015.1133904
中图分类号
F [经济];
学科分类号
02 ;
摘要
A gravity model of remittance determinants: evidence from Latin America and the Caribbean. Regional Studies. This paper constructs a microeconomic model of the motivation for remittances and uses it to explore the macroeconomic determinants. In addition, a new measure of bilateral remittances is used to estimate a gravity model of remittances for 27 Latin American and Caribbean countries and 18 industrialized countries. The results suggest remittances are motivated by a combination of altruism and self-interest, both of which are encapsulated by economic and non-economic variables.
引用
收藏
页码:737 / 749
页数:13
相关论文
共 38 条
[1]   The Determinants of International Remittances in Developing Countries [J].
Adams, Richard H., Jr. .
WORLD DEVELOPMENT, 2009, 37 (01) :93-103
[2]   Are international remittances altruism or insurance? Evidence from Guyana using multiple-migrant households [J].
Agarwal, R ;
Horowitz, AW .
WORLD DEVELOPMENT, 2002, 30 (11) :2033-2044
[3]   Remittances in Small Island Developing States [J].
Amuedo-Dorantes, Catalina ;
Pozo, Susan ;
Vargas-Silva, Carlos .
JOURNAL OF DEVELOPMENT STUDIES, 2010, 46 (05) :941-960
[4]  
[Anonymous], WORLD DEV IND WDI
[5]  
Arezki R., 2011, WP11153 IMF
[6]   Do happiness and foreign aid affect bilateral migrant remittances? [J].
Arvin, B. Mak ;
Lew, Byron .
JOURNAL OF ECONOMIC STUDIES, 2012, 39 (02) :212-+
[7]   Remittances and the Brain Drain Revisited: The Microdata Show That More Educated Migrants Remit More [J].
Bollard, Albert ;
McKenzie, David ;
Morten, Melanie ;
Rapoport, Hillel .
WORLD BANK ECONOMIC REVIEW, 2011, 25 (01) :132-156
[8]   THE LAGRANGE MULTIPLIER TEST AND ITS APPLICATIONS TO MODEL-SPECIFICATION IN ECONOMETRICS [J].
BREUSCH, TS ;
PAGAN, AR .
REVIEW OF ECONOMIC STUDIES, 1980, 47 (01) :239-253
[9]   Output Growth Volatility and Remittances [J].
Bugamelli, Matteo ;
Paterno, Francesco .
ECONOMICA, 2011, 78 (311) :480-500
[10]   Macroeconomic determinants of remittances for a dollarized economy: the case of El Salvador [J].
Castillo-Ponce, Ramon A. ;
Hugo Torres-Preciado, Victor ;
Luis Manzanares-Rivera, Jose .
JOURNAL OF ECONOMIC STUDIES, 2011, 38 (05) :562-+