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

Scott McCracken, Carlyn Ramlogan-Dobson and Marie M. Stack

Regional Studies, 2017, vol. 51, issue 5, 737-749

Abstract: 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.

Date: 2017
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DOI: 10.1080/00343404.2015.1133904

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