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Migración internacional y determinantes de las remesas de trabajadores en Colombia

Author

Listed:
  • Aaron Levi Garavito-Acosta

    () (Banco de la República de Colombia)

  • Maria Mercedes Collazos-Gaitan

    () (Banco de la República de Colombia)

  • Manuel Dario Hernandez-Bejarano

    () (Banco de la República de Colombia)

  • Enrique Montes-Uribe

    () (Banco de la República de Colombia)

Abstract

Esta investigación contribuye a la identificación, caracterización y modelación de los determinantes de las remesas de trabajadores en Colombia. Incluye una descripción de la evolución y características del flujo migratorio de colombianos hacia el exterior y de los receptores de éstas transferencias en el país. El análisis de los determinantes macroeconómicos de las remesas se realiza mediante la estimación de un modelo VEC, el cual considera, además de las remesas, el stock de migrantes colombianos en el exterior y algunos agregados macroeconómicos que permiten aproximar las variables de decisión del migrante para el envío de recursos a su país de origen. Los resultados del modelo muestran que las remesas se ven favorecidas por el desempeño del PIB de los países donde residen los migrantes, así como por el aumento de la emigración de nacionales hacia el exterior. A su vez, permiten concluir que estas transferencias son contracíclicas con respecto al PIB de Colombia. **** ABSTRACT: This paper is a contribution to the process of identifying, characterizing and modeling the determinants of workers' remittances for the case of Colombia. It also includes a description of the evolution of the migratory flow of Colombians abroad and of the remittances recipient’s households. Remittances determinants are explained by using a VEC model that includes, in addition to the remittances inflows, the stock of Colombian migrants abroad and some macroeconomic aggregates that are thought to approximate the variables that influence the migrant's decision to send money to their families. According to the econometric results, Colombian workers remittances inflows are determined by the performance of the GDP of the countries where the migrants live, as well as by the increase in the international emigration of Colombians. In addition, these transfers show a countercyclical behavior against the Colombian GDP.

Suggested Citation

  • Aaron Levi Garavito-Acosta & Maria Mercedes Collazos-Gaitan & Manuel Dario Hernandez-Bejarano & Enrique Montes-Uribe, 2019. "Migración internacional y determinantes de las remesas de trabajadores en Colombia," Borradores de Economia 1066, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:1066
    DOI: 10.32468/be.1066
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    File URL: https://doi.org/10.32468/be.1066
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    References listed on IDEAS

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    More about this item

    Keywords

    Remesas de trabajadores; migración internacional; vector de corrección de errores; balanza de pagos; workers´ remittances; international migration; vector error correction model; balance of payments;

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • F00 - International Economics - - General - - - General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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