Factors Determining Migrant Remittances: The Case of Greece

Lianos, Theodore P.

doi:10.2307/2547258

Cited by 65 publications

(59 citation statements)

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“…Most cross-country empirical studies on macroeconomic determinants of remittances tend to use the United States of America (USA) as the migrant-host country. A few other authors including Elbadawi and Rocha (1992), Lianos (1997), andBouhgaHagbe (2004) made attempts at using countries other than the USA as the migrant-host nation in country-specific studies at the macro-level, with the focus on bilateral remittances. In the case of SSA countries, however, majority of the migrants, at least 70 percent, migrate to reside in other SSA countries.…”

Section: Remittance Flows To Ssa: Some Stylized Factsmentioning

confidence: 99%

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Adenutsi¹

2014

jda

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In this paper, an attempt has been made to identify the macroeconomic determinants of migrant remittances received in SubSaharan Africa (SSA) at the disaggregated level. The underlying motivation is that, given their unique characteristics, permanent and temporary migrants are likely to respond differently to macroeconomic conditions in migrant-host countries and their native or migrant-home countries. For the empirical analysis, the system Generalized Method of Moments (GMM) approach was used to estimate a dynamic panel-data model involving 36 SSA countries over the period, 1980-2009. It was found that the inflows of compensation of employees and workers" remittances to SSA are influenced by host-country macroeconomic conditions in a similar way, whereas these two forms of remittances are driven by contrasting home-country macroeconomic conditions. Remittances from permanent migrants are less altruistic than remittances from temporary migrants. To attract higher remittances on a more permanent basis, the implementation of stable macroeconomic and pro-growth policies are inevitable in laborexporting SSA countries.JEL Classification: C23, E42, F22, F24, J33

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Section: Remittance Flows To Ssa: Some Stylized Factsmentioning

confidence: 99%

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Adenutsi¹

2014

jda

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“…-Exchange rate volatility (log): This variable has also been calculated as a 5-year non-overlapping standard deviation of the nominal exchange rate with the US dollar and is intended to capture the risk and uncertainty caused by exchange rate movements. The value of remittances in domestic currency depends on the market exchange rate, and volatile exchange rates increase the risk and uncertainty which in turn influence the migrant workers' decision to remit (Lianos 1997, Higgins et al 2004). -Capital account openness: This variable is constructed by Chinn and Ito (2008).…”

Section: Estimation Strategymentioning

confidence: 99%

“…Several studies, including Lianos (1997) and El Sakka and McNabb (1999), incorporate them in the regression as the first moment (level or change). Studies that include them as the second moment (volatility) are mentioned above.…”

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confidence: 99%

International business cycles and remittance flows

Cooray¹,

Mallick²

2013

The B.E. Journal of Macroeconomics

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In this paper, we study the macroeconomic determinants of remittance flows. We place particular attention to fluctuations in remittance flows over the international business cycles. Estimating a dynamic panel data model using the system-GMM method over the period 1970-2007, we document that remittance inflows decrease with home country volatility. Contrarily, remittance inflows increase with the volatility in host countries, especially for middle-income countries. Lower interest rates in host countries lead to larger remittance outflows. Trade and capital account openness are the most important factors that determine both remittance inflows and outflows. We conclude that macroeconomic factors of both home and host countries are important for understanding remittance flows. International business cycles and remittance flowsAbstract: In this paper, we study the macroeconomic determinants of remittance flows. We place particular attention to fluctuations in remittance flows over the international business cycles. Estimating a dynamic panel data model using the system-GMM method over the period 1970-2007, we document that remittance inflows decrease with home country volatility. Contrarily, remittance inflows increase with the volatility in host countries, especially for middle-income countries. Lower interest rates in host countries lead to larger remittance outflows. Trade and capital account openness are the most important factors that determine both remittance inflows and outflows. We conclude that macroeconomic factors of both home and host countries are important for understanding remittance flows.

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“…Most research on remittances has focused on the implicit contract migrants have with family members in the home community (i.e., Stark and Lucas, 1988;Stark, 1991;Lianos, 1997;Leinbach and Watkins, 1998;Menjivar, et al, 1998) or on income redistribution and community development (i.e., Barhan and Boucher, 1998;Conway and Cohen, 1998;Jones, 1998;Rodriguez, 1998). We argue that, for Salvadorans, remittances serve as a form of return migration in the transnational circulation process.…”

Section: Introductionmentioning

confidence: 87%

The Interrupted Circle: Truncated Transnationalism and the Salvadoran Experience

Miyares¹,

Wright²,

Mountz³

et al. 2003

lag

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This paper examines the transnational experience of the Salvadoran community in New Jersey and El Salvador. We argue that this experience is "truncated", stunted as much by the tenuous residency status of many Salvadorans as by distance or poverty. We use unstructured and survey-based interviews to illustrate how the Salvadoran transmigrants have responded to separation from their families in El Salvador by struggling to maintain place ties by substituting vicarious return for actual return. We propose that migrant circulation can occur vicariously through gifts, remittances, and telecommunications when a migrant's legal status, in this case Temporary Protected Status, constrains corporeal circulation. We also explore the downsides to this vicarious return, with our particular interest in the children left behind and the longer term viability of remittance-based economies.

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Factors Determining Migrant Remittances: The Case of Greece

Cited by 65 publications

References 0 publications

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

Macroeconomic Determinants of Workers' Remittances and Compensation of Employees In Sub-Saharan Africa

International business cycles and remittance flows

The Interrupted Circle: Truncated Transnationalism and the Salvadoran Experience

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