Short-run macroeconomic determinants of remittances to Jamaica: a time varying parameter approach

Dillon Alleyne, Claremont Kirton, Georgia McLeod and Mark Figueroa

Applied Economics Letters, 2008, vol. 15, issue 8, 629-634

Abstract: This article uses a time varying parameter model (TVP) to examine the macroeconomic determinants of cash remittances to Jamaica over the period January 1983 to April 2001. We anticipated a positive relationship between changes in remittances and foreign income. We find an investment component in the relationship between changes in remittances and domestic income. In addition, the relationship between changes in remittances, the unofficial exchange rate premium and the exchange rate differential are in line with our expectations. In terms of the policy dimension of the results, it is clear that domestic policy has a significant impact on the responses of remitters. These responses do not merely reflect altruistic concerns for relatives but also investment related considerations. This means that policy makers might be able, through deliberate policy, to influence the flow of remittances over time.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:apeclt:v:15:y:2008:i:8:p:629-634

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850600721965

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().