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Workers' Remittances to Former Soviet States

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  • Schrooten, Mechthild

Abstract

Workers' remittances are an important source of external finance for many former Soviet countries. Nevertheless, the determinants of remittances are only rarely analyzed. Using panel-data estimation techniques the study comes to the following major results: Remittances are highly persistent. They can only be partly explained by income. Furthermore, the performance of the domestic banking sector and the access of the private sector to credit play an important role. Better international integration and a better quality of institutions lead to an increase in remittances.

Suggested Citation

  • Schrooten, Mechthild, 2006. "Workers' Remittances to Former Soviet States," Discussion Paper Series a476, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a476
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/13464/DP476.pdf
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    References listed on IDEAS

    as
    1. El-Sakka, M. I. T. & McNabb, Robert, 1999. "The Macroeconomic Determinants of Emigrant Remittances," World Development, Elsevier, vol. 27(8), pages 1493-1502, August.
    2. Miguel León-Ledesma & Matloob Piracha, 2001. "International Migration and the Role of Remittances in Eastern Europe," Studies in Economics 0113, School of Economics, University of Kent.
    3. World Bank, 2005. "World Development Indicators 2005," World Bank Publications - Books, The World Bank Group, number 12425, April.
    4. repec:wbk:wbpubs:12426 is not listed on IDEAS
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    Cited by:

    1. Robert Shelburne & Jose Palacin, 2007. "Remittances in the CIS: Their Economic Implications and a New Estimation Procedure," ECE Discussion Papers Series 2007_5, UNECE.
    2. Robert Shelburne & Jose Palacin, 2008. "Remittance Flows in the Transition Economies: Levels, Trends, and Determinants," ECE Discussion Papers Series 2008_5, UNECE.
    3. Pinger, Pia R., 2007. "Come back or stay? - Spend here or there?: Temporary versus permanent migration and remittance patterns in the Republic of Moldova," Kiel Advanced Studies Working Papers 438, Kiel Institute for the World Economy (IfW Kiel).
    4. Kakhkharov, Jakhongir & Akimov, Alexandr & Rohde, Nicholas, 2017. "Transaction costs and recorded remittances in the post-Soviet economies: Evidence from a new dataset on bilateral flows," Economic Modelling, Elsevier, vol. 60(C), pages 98-107.

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    More about this item

    Keywords

    remittances; migration; economic development; panel data model;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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