A Theory of Workers` Remittances with an Application to Morocco
By Jacques Bouhga-Hagbe. Social Science Research Network, 2004
112 citations recorded by the source corpus.
This paper provides a model on how altruism, "attachment" to the home country, and portfolio diversification may act as potential motives behind workers` remittances. It shows that the level of workers` remittances depends on how great are their degrees of altruism and "attachment" to their home country, and should also depend on interest rate differentials between the home country and the country of residence if portfolio diversification motives are significant in the decision to remit. The model is applied to Morocco using co-integration techniques. The paper then discusses the stability of remittances in Morocco and the policy implications in light of the empirical findings.
Subfields: Economics and Econometrics, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/84d2da0dd1f3c5835e4165cc3e02d73aff50934f
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In Economics and Econometrics
In Sociology and Political Science
Citations in the corpus
- Macroeconomic determinantsof workers' remittances: Hostversus home country's economic conditions (2006, background): “In the remittances literature it is common to assume that the emigrant’s utility depends on his/her consumption and the household consumption (e.g. Bouhga-Hagbe, 2004; Funkhouser, 1995; Lucas & Stark, 1985).”