A Theoretical Model of Remittances with Applications - Un modello teorico delle rimesse dall’estero con alcune applicazioni

Moawia Alghalith and Samantha Chris Roach
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Samantha Chris Roach: Department of Economics, The University of the West Indies/College of Science and Technology, Arts and Applied Science of Trinidad and Tobago, Postal: Port of Spain, Trinidad and Tobago, http://sta.uwi.edu/fss/

Economia Internazionale / International Economics, 2016, vol. 69, issue 2, 113-120

Abstract: In this paper, we provide a theoretical model of remittances. In doing so, we provide several unique formulas using Taylor’s Theorem to measure the impact of cash remittances on health and education. We then empirically tested the impact of cash remittances on health and education to the Caribbean countries of St. Lucia and Trinidad and Tobago using nonlinear least squares to estimate the parameter coefficients. The results of the model suggest that remittances impact health and education in both countries. While the impact is positive in St. Lucia for both health and education, it is negative in Trinidad and Tobago. The positive impact on health and education in St. Lucia may perhaps be attributed to the lack of revenue allocated to health care and education. On the other hand, the negative impact on education in Trinidad and Tobago may be attributed to the provision of free education for citizens of Trinidad and Tobago. - In questo studio viene proposto un modello teorico delle rimesse dall’estero. A questo fine si forniscono differenti formule che utilizzano il teorema di Taylor per misurare l’impatto delle rimesse sulla sanità e l’istruzione. Successivamente abbiamo testato l’impatto delle rimesse sulla sanità e l’istruzione delle isole di Santa Lucia e Trinidad e Tobago nei Caraibi utilizzando i minimi quadrati non lineari per valutare i coefficienti dei parametri. I risultati evidenziano che le rimesse hanno un impatto su sanità ed istruzione in entrambi i paesi. L’impatto è positivo a Santa Lucia in entrambi i settori, mentre è negativo a Trinidad e Tobago. L’impatto positivo a Santa Lucia può essere attribuito alla mancanza di finanziamenti per le cure sanitarie e l’istruzione. L’impatto negativo sull’istruzione a Trinidad e Tobago può essere riferito al fatto che i cittadini di queste isole usufruiscono di servizi di istruzione gratuiti.

Keywords: Remittances; Health; Education; Trinidad and Tobago; St. Lucia (search for similar items in EconPapers)
JEL-codes: E60 F30 (search for similar items in EconPapers)
Date: 2016
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