Workers' Remittances to Former Soviet States

Mechthild Schrooten

No a476, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: Workers' remittances are an important source of external finance for many former Soviet countries. Nevertheless, the determinants of remittances are only rarely analyzed. Using panel-data estimation techniques the study comes to the following major results: Remittances are highly persistent. They can only be partly explained by income. Furthermore, the performance of the domestic banking sector and the access of the private sector to credit play an important role. Better international integration and a better quality of institutions lead to an increase in remittances.

Keywords: remittances; migration; economic development; panel data model (search for similar items in EconPapers)
JEL-codes: F22 F36 O15 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006-03
New Economics Papers: this item is included in nep-ltv and nep-tra
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a476

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