The macroeconomic determinants of emigrant remittances

This paper considers the macroeconomic determinants of migrants' remittances to their countries of origin. In contrast to some previous analyses, we find, using data for Egypt, that both exchange rate and interest rate differentials are important in attracting remittance flows through official...

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Veröffentlicht in:World development
1. Verfasser: Sakka, Mohamed Ibrahim Taha el- (VerfasserIn)
Weitere Verfasser: McNabb, Robert (BerichterstatterIn), Sakka, Muhammad Ibrahim Taha as- (BerichterstatterIn)
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Sprache:eng
Veröffentlicht: 1999
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Zusammenfassung:This paper considers the macroeconomic determinants of migrants' remittances to their countries of origin. In contrast to some previous analyses, we find, using data for Egypt, that both exchange rate and interest rate differentials are important in attracting remittance flows through official channels. We also find that imports financed through remittance earnings have a very high income elasticity which suggests either that these imports are consumer durables and luxury goods or that they are undertaken by higher income groups. (DSE/DÜI)
Beschreibung:In: World development
ISSN:0305-750X