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Analysis Determinant Factors Effect on Migrant Workers' Remittances Flow to the CLMV Countries

Author

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  • Chantha Hor

    (Vongchavalitkul University, Nakhorn Rachasima, Thailand,)

  • Pheara Pheang

    (Chiang Mai University, Chiang Mai, Thailand.)

Abstract

This paper aims to investigate the determinant macroeconomic variables and non-economic factors influencing the migrant workers' remittances flow to the Cambodia, Laos, Myanmar, and Vietnam (CLMV) countries. This study employs fixed-effect and random-effect models to analyze the panel data set over the periods of 16 years (2000-2015). The results show that the gross domestic product (GDP) per capita of origin country, the official exchange rate of the home country, and political stability index of home country are significant negative effects on remittances inflow to the CLMV countries. Higher number of migrants to the home country's population increase the remittances inflow to the home countries. Majors of most host country's GDP per capita (Japan, South Korea, and Singapore) are positive effects on the remittances, except for the Thai's GDP per capita. All dummy variables show expected results.

Suggested Citation

  • Chantha Hor & Pheara Pheang, 2017. "Analysis Determinant Factors Effect on Migrant Workers' Remittances Flow to the CLMV Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 202-207.
    • Handle: RePEc:eco:journ1:2017-02-27
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    Cited by:

    1. Dorsaf Sridi & Wafa Ghardallou, 2021. "Remittances and disaggregated country risk ratings in Tunisia: an ARDL approach," Middle East Development Journal, Taylor & Francis Journals, vol. 13(1), pages 191-211, January.
    2. Md. Monir Khan & Ratna Khatun & Asif Ahmed & Sunita Rani Das, 2022. "Macroeconomic Determinants of Remittance for Bangladesh: A Gravity Model Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 140-147, November.
    3. Dorsaf Srdid & Wafa Ghardallou, 2019. "Remittances and Disaggregated Country Risk Ratings in Tunisia: An ARDL Approach," Working Papers 1326, Economic Research Forum, revised 21 Aug 2019.
    4. Dorsaf Sridi & Imene Guetat, 2020. "The direct and indirect risk impacts on remittances: A cross‐regional specific effects," African Development Review, African Development Bank, vol. 32(3), pages 288-302, September.
    5. Bezon Kumar & Md. Elias Hossain & Md. Ataul Gani Osmani, 2018. "Utilization of International Remittances in Bangladesh," Remittances Review, Remittances Review, vol. 3(1), pages 5-18, May.

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    More about this item

    Keywords

    Cambodia; Laos; Myanmar; and Vietnam; Macroeconomics; Remittances;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances

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