Macroeconomic Determinants of Workers’ Remittances: Host vs. Home Country’s Economic Conditions

Carlos Vargas-Silva and Peng Huang ()

International Finance from University Library of Munich, Germany

Abstract: This study examines the determinants of worker’s remittances. Variance decompositions, impulse response functions and Granger causality tests derived from a vector error correction model are used to test if remittances are affected by the macroeconomic conditions of the host (remittance sending) or home (remittance receiving) country. Data from Brazil, Colombia, the Dominican Republic, El Salvador, Mexico and the U.S. are used. The results indicate that remittances respond more to changes in the macroeconomic conditions of the host country, than to changes in the macroeconomic conditions of the home country.

Keywords: Remittances; Exchange Rates; Migration (search for similar items in EconPapers)
JEL-codes: F16 F22 J61 O15 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2005-07-26, Revised 2005-11-27
Note: Type of Document - pdf; pages: 27
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Macroeconomic determinantsof workers' remittances: Hostversus home country's economic conditions (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpif:0507007

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