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Altruism and Workers' Remittances

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  • Jacques Bouhga-Hagbe
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    Abstract

    Workers'' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that "altruism," as a motive to send money home, would contribute to the stability of these flows. Using a simple framework that relates workers'' remittances to agricultural GDP, which is used as an indicator of economic "hardship" in the home country, evidence suggests that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and Tunisia in recent years.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 06/130.

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    Length: 29
    Date of creation: 01 May 2006
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    Handle: RePEc:imf:imfwpa:06/130

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    Keywords: Workers remittances; Middle East and Central Asia; Balance of payments positions; remittances; cointegration; equation; workers ? remittances; equations; statistic; migration; remittance; remittance flows; statistics; econometrics; flow of remittances; skewness; linear trend; kurtosis; logarithm; analysis of remittances; impact of remittances; time series; migrant; hypothesis testing; international remittances; regression equation; determinants of remittances; migrant remittances; migrants ? remittances; statistical model; evolution of remittances; uses of remittances; correlation; importance of remittance; immigrant remittance; value of remittances; correlations; importance of remittance flows; sampling; data transformation;

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    Cited by:
    1. Barua, Shubhasish & Majumder, Md. Alauddin & Akhtaruzzaman, Dr. Md., 2007. "Determinants of Workers’ Remittances in Bangladesh: An Empirical Study," MPRA Paper 15080, University Library of Munich, Germany.
    2. Schellenberg, Grant & Houle, Rene, 2008. "Remittance Behaviours Among Recent Immigrants in Canada," Analytical Studies Branch Research Paper Series 2008312e, Statistics Canada, Analytical Studies Branch.
    3. Farid MAKHLOUF, 2014. "Propriétés cycliques des transferts de fonds des migrants marocains," Working Papers 2013-2014_9, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Feb 2014.
    4. World Bank, 2007. "Arab Republic of Egypt : Poverty Assessment Update, Volume 1. Main Report," World Bank Other Operational Studies 7642, The World Bank.

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