English, Article, Journal or magazine article edition: Determinants of expatriate workers'remittances in North Africa and Europe Elbadawi, Ibrahim; de Rezende Rocha, Robert

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Bookmark: http://trove.nla.gov.au/version/186463
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Determinants of expatriate workers'remittances in North Africa and Europe
Author
  • Elbadawi, Ibrahim
  • de Rezende Rocha, Robert
Physical Description
  • preprint
Notes
  • The authors review the theoretical literature on the determinants of international workers'remittances and then posit an empirical model that accounts for demographic, portfolio, and macroeconomic factors that - together with special incentive policies - determine official remittances. They estimated the model using data from five major labor-exporting countries of North Africa and Europe: Morocco, Portugal, Tunisia, Turkey, and the former Yugoslavia. The econometric results strongly corroborate the model's predictions and reveal interesting policy implications. In planning for the future growth of remittances, labor-exporting countries should explicitly take into consideration the history of migration, since an aging labor force abroad will be less inclined to remit. Labor-exporting countries should also account for the economic prospects of the major labor-receiving countries and for the geographical distribution of their migrant labor. The authors'results show that remittances are significantly affected by economic policies in the home (labor-exporting) countries. Special incentive schemes cannot substitute for a stable, credible macroeconomic policy.
  • Economic Theory&​Research,Economic Conditions and Volatility,Environmental Economics&​Policies,Inequality,Banks&​Banking Reform
  • RePEc:wbk:wbrwps:1038
Language
  • English
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