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Altruism: primary motivation of remittances

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  • SeyedSoroosh Azizi

Abstract

This article examines primary incentives of remittances. After controlling for host country’s GNI per capita, real exchange rates and real interest rates, a rise in home country’s GNI per capita leads to fewer remittances. A rise in host country’s GNI per capita motivates migrants to remit more. Real interest rates have no effect on remittances. These results indicate primary incentive of remittances is altruism.

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  • SeyedSoroosh Azizi, 2017. "Altruism: primary motivation of remittances," Applied Economics Letters, Taylor & Francis Journals, vol. 24(17), pages 1218-1221, October.
    • Handle: RePEc:taf:apeclt:v:24:y:2017:i:17:p:1218-1221
    DOI: 10.1080/13504851.2016.1267840
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    1. Chihwa Kao & Min-Hsien Chiang, 1997. "On the Estimation and Inference of a Cointegrated Regression in Panel Data," Econometrics 9703001, University Library of Munich, Germany.
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    1. Mora-Rivera, Jorge & Cerón-Monroy, Hazael & García-Mora, Fernando, 2019. "The impact of remittances on domestic tourism in Mexico," Annals of Tourism Research, Elsevier, vol. 76(C), pages 36-52.
    2. Giorgio Fagiolo & Tommaso Rughi, 2021. "Exploring the Macroeconomic Drivers of International Bilateral-Remittance Flows: A Gravity-Model Approach," LEM Papers Series 2021/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Faruk Balli & Thi Thu Ha Nguyen & Hatice Ozer Balli, 2023. "Emigrants’ visit home and remittance inflows nexus," Tourism Economics, , vol. 29(5), pages 1405-1411, August.
    4. SeyedSoroosh Azizi, 2021. "The impacts of workers’ remittances on poverty and inequality in developing countries," Empirical Economics, Springer, vol. 60(2), pages 969-991, February.
    5. Randazzo, Teresa & Piracha, Matloob, 2019. "Remittances and household expenditure behaviour: Evidence from Senegal∗," Economic Modelling, Elsevier, vol. 79(C), pages 141-153.
    6. Keerti Mallela & Sunny Kumar Singh & Archana Srivastava, 2020. "Estimating Bilateral Remittances in a Macroeconomic Framework: Evidence from top Remittance-Receiving Countries," Studies in Microeconomics, , vol. 8(1), pages 95-118, June.
    7. Anthony Enisan Akinlo & Michael Segun Ojo, 2021. "Examining the asymmetric effects of oil price shocks on remittances inflows: evidence from Nigeria," SN Business & Economics, Springer, vol. 1(10), pages 1-16, October.
    8. Peter Nderitu GITHAIGA, 2019. "Foreign Remittances, Private Sector Investment and Banking Sector Development," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 3(2), pages 85-112.
    9. Farrukh Nawaz Kayani, 2022. "Analyzing the Impact of Foreign Remittances uponPoverty: A Case of Uzbekistan from Central Asia," International Journal of Economics and Financial Issues, Econjournals, vol. 12(1), pages 1-6.
    10. Azizi, SeyedSoroosh, 2018. "The impacts of workers' remittances on human capital and labor supply in developing countries," Economic Modelling, Elsevier, vol. 75(C), pages 377-396.
    11. Seruca, Manuel & Mota, Andrade & Rodrigues, David, 2019. "Solving the Economic Scheduling of Grid-Connected Microgrid Based on the Strength Pareto Approach," MPRA Paper 95391, University Library of Munich, Germany.
    12. Mahdavi, Sadegh & Bayat, Alireza & Mirzaei, Farzad, 2019. "Economic Operation of Grid-Connected Microgrid By Multiverse Optimization Algorithm," MPRA Paper 95893, University Library of Munich, Germany.
    13. Bayat, Alireza & Khazaei, Ehsan & Mahdavi, Sadegh, 2019. "Economic-Based Synchronization and Control of New Fractional-Order Chaotic System Based on Lyapunov Theorem," MPRA Paper 95394, University Library of Munich, Germany.
    14. Uche Eseosa Ekhator-Mobayode & Seyedsoroosh Azizi, 2019. "Does the Presence of Neighborhood Gang Affect Youth Criminal Behavior?," Economics Bulletin, AccessEcon, vol. 39(3), pages 2102-2109.
    15. Kapoor, Advik & Kaur, Vijay, 2018. "A novel Optimization Plan for Multiple-Area Economic Dispatch : An Electro Search Optimization Approach," MPRA Paper 88979, University Library of Munich, Germany.

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