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Impact of the Covid19 Pandemic on Remittances to Mexico

Author

Listed:
  • Alfredo Cuecuecha Mendoza

    (Universidad Popular Autónoma del Estado de Puebla, México)

  • Miguel Cruz

    (Universidad Popular Autónoma del Estado de Puebla, México)

Abstract

Este artículo busca mostrar el impacto de la pandemia COVID-19 sobre las remesas enviadas de Estados Unidos a México. Se utilizan datos mensuales desde enero de 2014 y hasta mayo de 2021, para mostrar que existe un cambio estructural en las ecuaciones de corto y largo plazo que explican las remesas. Utilizando información de funciones de impulso respuesta ortogonalizadas, encontramos que antes del COVID 19 existía evidencia a favor de las hipótesis de enviar remesas por razones altruistas, por motivos de inversión y por motivos de administración del riesgo. Durante el COVID 19, hay evidencia de que el envío de remesas se convirtió en una necesidad, reduciéndose el espacio para el envío de remesas por motivos de inversión o el espacio para las preferencias de los hogares que envían remesas, y aumentando el rol de los motivos de administración del riesgo. Los resultados tienen como principal limitante el no mostrar resultados a nivel de corredor de remesas específico, debido a la falta de datos. Mayores estudios son necesarios para comprender si el COVID 19 tiene impactos de más largo plazo sobre los envíos de remesas y los usos que los hogares receptores hacen de las mismas.

Suggested Citation

  • Alfredo Cuecuecha Mendoza & Miguel Cruz, 2022. "Impact of the Covid19 Pandemic on Remittances to Mexico," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(3), pages 1-26, Julio - S.
    • Handle: RePEc:imx:journl:v:17:y:2022:i:3:a:3
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/653
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    References listed on IDEAS

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    JEL classification:

    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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