MOTIVATING FACTORS OF REMITTANCES INFLOWS INTO DEVELOPING ASIAN ECONOMIES

Hrushikesh Mallick () and Mantu Mahalik ()

The Singapore Economic Review (SER), 2016, vol. 61, issue 04, 1-26

Abstract: Considering 11 major Asian migrant sending countries during 1975–2012, the study explores the factors that motivate migrants to remit their earnings to home countries. Using panel regressions, it finds that it is primarily the growth rate and interest rate differentials between the home and host, the household consumption and financial sector development at home along with per capita income of host countries which lead to remittances inflows. It concludes that it is not only the altruistic (or consumption) and higher interest income motives; but also the patriotic motives reflected from significant impact of past remittances, are crucial factors of such flows.

Keywords: Remittances; economic growth; interest rate; private investment and consumption (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1142/S0217590815500630

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