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Determinantes macroeconómicos de las remesas en los países del DR-CAFTA
[Macroeconomic determinants of remittances in the countries of DR- CAFTA]

Author

Listed:
  • López Parra, Elibeth
  • Cruz-Rodríguez, Alexis

Abstract

The aim of this article is to examine the macroeconomic determinants of remittance flows to the countries of Central America and the Dominican Republic. Using panel data, the results indicate that migrants send remittances to this region mostly for reasons of altruism, being of main impact the variables of the host country. Also, it concludes that remittances are determined by variables that directly affect the income of migrants.

Suggested Citation

  • López Parra, Elibeth & Cruz-Rodríguez, Alexis, 2016. "Determinantes macroeconómicos de las remesas en los países del DR-CAFTA
    [Macroeconomic determinants of remittances in the countries of DR- CAFTA]
    ," MPRA Paper 68886, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:68886
    as

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    File URL: https://mpra.ub.uni-muenchen.de/68886/1/MPRA_paper_68886.pdf
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    References listed on IDEAS

    as
    1. Raju Jan Singh & Markus Haacker & Kyung-woo Lee & Maëlan Le Goff, 2011. "Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 20(2), pages 312-340, March.
    2. Deodat E. Adenutsi, 2014. "macroeconomic determinants of workers’ remittances and compensation of employees in sub-saharan Africa," Journal of Developing Areas, Tennessee State University, College of Business, vol. 48(1), pages 337-360, January-M.
    3. John C. Driscoll & Aart C. Kraay, 1998. "Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 549-560, November.
    4. Carlos Vargas-Silva & Peng Huang, 2006. "Macroeconomic determinantsof workers' remittances: Hostversus home country's economic conditions," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(1), pages 81-99.
    5. Adams Jr., Richard H., 2009. "The Determinants of International Remittances in Developing Countries," World Development, Elsevier, vol. 37(1), pages 93-103, January.
    6. Ilahi, Nadeem & Jafarey, Saqib, 1999. "Guestworker migration, remittances and the extended family: evidence from Pakistan," Journal of Development Economics, Elsevier, vol. 58(2), pages 485-512, April.
    7. El-Sakka, M. I. T. & McNabb, Robert, 1999. "The Macroeconomic Determinants of Emigrant Remittances," World Development, Elsevier, vol. 27(8), pages 1493-1502, August.
    8. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-918, October.
    9. Nicholas Glytsos, 2005. "A Model of Remittance Determination Applied to Middle East and North Africa Countries," Labor and Demography 0505016, EconWPA.
    10. Aliaa Nabil Khodeir, 2015. "Migration Remittances Inflows and Macroeconomic Shocks: The Case of Egypt," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 1001-1010.
    11. Ghazi Al-Assaf & Abdullah M. Al-Malki, 2014. "Modelling the Macroeconomic Determinants of Workers’ Remittances: The Case of Jordan," International Journal of Economics and Financial Issues, Econjournals, vol. 4(3), pages 514-526.
    12. Agarwal, Reena & Horowitz, Andrew W., 2002. "Are International Remittances Altruism or Insurance? Evidence from Guyana Using Multiple-Migrant Households," World Development, Elsevier, vol. 30(11), pages 2033-2044, November.
    13. Luis Miotti & El Mouhoub Mouhoud & Joel Oudinet, 2010. "Determinants and Uses of Remittances to Southern and Eastern Mediterranean Countries: Insights from a New Survey," Development Working Papers 288, Centro Studi Luca d'Agliano, University of Milano, revised 30 Apr 2010.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Remittances; migration; macroeconomic variables.;

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • 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

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