File(s) under permanent embargo
International business cycles and remittance flows
journal contribution
posted on 2013-09-01, 00:00 authored by A Cooray, Debdulal MallickDebdulal MallickIn this paper, we study the macroeconomic determinants of remittance flows. We place particular attention to fluctuations in remittance flows over the international business cycles. Estimating a dynamic panel data model using the system-GMM method over the period 1970–2007, we document that remittance inflows decrease with home country volatility. Contrarily, remittance inflows increase with the volatility in host countries, especially for middle-income countries. Lower interest rates in host countries lead to larger remittance outflows. Trade and capital account openness are the most important factors that determine both remittance inflows and outflows. We conclude that macroeconomic factors of both home and host countries are important for understanding remittance flows.
History
Journal
B.E. journal of macroeconomicsVolume
13Issue
1Pagination
1 - 33Publisher
Walter de Gruyter GmbH & Co. KGLocation
Berlin, GermanyPublisher DOI
ISSN
2194-6116eISSN
1935-1690Language
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2013, Walter de Gruyter GmbH & Co. KGUsage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC