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Remittances and Portfolio Values: An Inquiry using Immigrants from Africa, Europe, and the Americas

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  • Amuedo-Dorantes, Catalina
  • Pozo, Susan

Abstract

Using a recent Spanish database, we show that remittances respond to cross-country differences in portfolio values, behavior consistent with immigrant’s access to trans-national networks. Responsiveness to portfolio variables is found to persist regardless of education level. There are, however, differences in the portfolio variables to which immigrants respond, as we would expect given migrants’ diverse backgrounds, region of origin, and motive for emigrating. Remitting patterns are found to change with the length of migration spells suggestive that remittances sent for portfolio motives become more likely as the immediate needs of home family are addressed and asset accumulation becomes more important.

Suggested Citation

  • Amuedo-Dorantes, Catalina & Pozo, Susan, 2013. "Remittances and Portfolio Values: An Inquiry using Immigrants from Africa, Europe, and the Americas," World Development, Elsevier, vol. 41(C), pages 83-95.
    • Handle: RePEc:eee:wdevel:v:41:y:2013:i:c:p:83-95
    DOI: 10.1016/j.worlddev.2012.05.036
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    1. Giulia Bettin & Riccardo Lucchetti, 2016. "Steady streams and sudden bursts: persistence patterns in remittance decisions," Journal of Population Economics, Springer;European Society for Population Economics, vol. 29(1), pages 263-292, January.
    2. Bertranna Muruthi & Kimberly Watkins & Megan McCoy & James R. Muruthi & Felisters J. Kiprono, 2017. ""I Feel Happy that I Can be Useful to Others": Preliminary Study of East African Women and Their Remittance Behavior," Journal of Family and Economic Issues, Springer, vol. 38(3), pages 315-326, September.
    3. Richard Brown & Jørgen Carling & Sonja Fransen & Melissa Siegel, 2014. "Measuring remittances through surveys," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 31(41), pages 1243-1274.
    4. Kosse, Anneke & Vermeulen, Robert, 2014. "Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?," World Development, Elsevier, vol. 62(C), pages 213-227.
    5. Kosse, Anneke & Vermeulen, Robert, 2014. "Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?," World Development, Elsevier, vol. 62(C), pages 213-227.
    6. Nonna Kushnirovich, 2016. "Immigrant investors in financial markets: modes of financial behavior," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(6), pages 992-1006, November.
    7. Nonna Kushnirovich, 2021. "Remittances of Immigrant Citizens, Attachment to the Host Country and Transnationalism," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 40(5), pages 931-954, October.

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