Macroeconomic Determinants of Workers’ Remittances and Compensation of Employees in Sub-Saharan Africa

Deodat Adenutsi

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, an attempt has been made to identify the macroeconomic determinants of migrant remittances received in Sub-Saharan Africa (SSA) at the disaggregated level. The underlying motivation is that, given their unique characteristics, permanent and temporary migrants are likely to respond differently to macroeconomic conditions in migrant-host countries and their native or migrant-home countries. For the empirical analysis, the system Generalized Method of Moments (GMM) approach was used to estimate a dynamic panel-data model involving 36 SSA countries over the period, 1980-2009. It was found that the inflows of compensation of employees and workers’ remittances to SSA are influenced by host-country macroeconomic conditions in a similar way, whereas these two forms of remittances are driven by contrasting home-country macroeconomic conditions. Remittances from permanent migrants are less altruistic than remittances from temporary migrants. To attract higher remittances on a more permanent basis, the implementation of stable macroeconomic and pro-growth policies are inevitable in labor-exporting SSA countries.

Keywords: Workers’ Remittances; Compensation of Employees; Money; Migrant; International Migration; sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: C23 E42 F22 F24 J33 (search for similar items in EconPapers)
Date: 2013-02-09
New Economics Papers: this item is included in nep-mac and nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Journal of Developing Areas 1.48(2014): pp. 337-360

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/60620/1/MPRA_paper_60620.pdf original version (application/pdf)

Related works:
Journal Article: macroeconomic determinants of workers’ remittances and compensation of employees in sub-saharan Africa (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60620

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().