Migration and Remittances: Causes and Linkages

The authors empirically examine the determinants of remittance flows at the cross-country level. They consider, among other things, the significance of the level of migration, the education level of migrants, and financial sector development in determining remittances. Given the potential endogeneity problems, the migration and financial development variables are instrumented in the estimation. They find that the migration level is the main driver of remittance flows, even after controlling for the endogeneity bias through instrumental variable estimation. The authors also find that the education level of migrants relative to the population in home countries, the size of the economy, and the level of economic development of recipient countries adversely affect remittance flows. While they find the effect of financial sector development to be positive, its significance is not strongly supported in their analysis.

Bibliographic Details

Main Authors:	Niimi, Yoko, Özden, Çağlar
Language:	English en_US
Published:	World Bank, Washington, DC 2006-12
Subjects:	ACCESS TO REMITTANCES, ACCOUNTING, AMOUNT OF REMITTANCES, AVERAGE VALUE OF REMITTANCES, BALANCE OF PAYMENT, BALANCE OF PAYMENTS, BALANCE OF PAYMENTS STATISTICS, BANKING SECTOR, BANKING SYSTEM, CAPITAL FLOWS, CITIZENS, COMPENSATION OF EMPLOYEES, COUNTRY CHARACTERISTICS, COUNTRY DATA, COUNTRY SIZE, CROSS-COUNTRY LEVEL, DATA ON REMITTANCES, DATA SETS, DEPENDENT VARIABLE, DEPOSITS, DESTINATION COUNTRY, DETERMINANTS OF REMITTANCES, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DEVELOPMENT INDICATORS, DURABLE GOODS, ECONOMETRIC ISSUES, ECONOMIC ACTIVITIES, ECONOMIC CONDITIONS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC IMPLICATIONS, ECONOMIC RESEARCH, EDUCATED MIGRANTS, EDUCATION LEVEL, EFFECTS OF REMITTANCES, EMIGRANT REMITTANCES, EMIGRATION, EMPIRICAL WORK, ERROR TERM, ESTIMATION RESULTS, EXCHANGE RATE, EXCHANGE RATE VARIATIONS, EXCHANGE RATES, EXPLANATORY VARIABLES, EXTENDED FAMILY, FAMILY MEMBERS, FAMILY REUNIFICATION, FINANCIAL DEPTH, FINANCIAL DEVELOPMENT, FINANCIAL FLOWS, FINANCIAL SECTOR, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, GDP, GDP PER CAPITA, GOVERNMENT POLICIES, GROWTH RATE, HOME COUNTRIES, HOME COUNTRY, HOST COUNTRY, HOUSEHOLD SURVEYS, HOUSING, IMPACT OF REMITTANCES, IMPORTANCE OF REMITTANCES, IMPORTANT POLICY, INCOME, INDEPENDENT VARIABLES, INDIVIDUAL DECISIONS, INFLATION, INFLATION RATE, INFORMAL CHANNELS, INFORMAL FLOWS, INFORMAL REMITTANCE, INSURANCE, INTEREST RATE, INTERNATIONAL MIGRANT, INTERNATIONAL MIGRANT WORKERS, INTERNATIONAL REMITTANCES, LABOR MARKET, LEVEL OF EDUCATION, MACROECONOMIC DETERMINANTS, MACROECONOMIC LEVEL, MICRO DATA, MICROECONOMIC ANALYSES, MICROECONOMIC ANALYSIS, MIDDLE EAST, MIDDLE EASTERN, MIGRANT, MIGRANT REMITTANCES, MIGRANT TRANSFERS, MIGRANT WORKERS, MIGRANTS, MIGRATION, MIGRATION DECISION, MONEY TRANSFER, MONEY TRANSFER FEES, MONEY TRANSFERS, NATIVE POPULATION, NORTH AFRICA, NUMBER OF MIGRANTS, OFFICIAL DEVELOPMENT ASSISTANCE, POLICY IMPLICATIONS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POLITICAL ECONOMY, POPULATION DENSITY, POPULATION SIZE, POSITIVE EFFECTS, PROGRESS, RECIPIENT COUNTRIES, RECIPIENT COUNTRY, REMITTANCE, REMITTANCE DATA, REMITTANCE FLOWS, REMITTANCE INFLOWS, REMITTANCES, RETURN ON INVESTMENT, SEND MONEY, SEND REMITTANCES, SIGNIFICANT EFFECT, SUB-SAHARAN AFRICA, TERTIARY EDUCATION, TRANSACTION COSTS, TRANSACTIONS COSTS, URBAN POPULATION, URBANIZATION, WESTERN EUROPE, WORKER REMITTANCES, WORKING POPULATION,
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7255556/migration-remittances-causes-linkages https://hdl.handle.net/10986/8839
Tags:	Add Tag No Tags, Be the first to tag this record!