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Determinants of Remittances in Central Asia: Evidence Based on the Household Budget Survey in the Kyrgyz RepublicAziz AtamanovMaastricht University - Maastricht Graduate School of Governance; Maastricht University Marrit Van den BergWageningen University - Development Economics May 17, 2010 Abstract: Remittances play important role for the economy of Central Asian countries. This article uses a unique representative household budget survey from the Asian Development Bank to analyze the determinants of remittances for permanent and seasonal migrants from the Kyrgyz Republic. Empirical investigation using Tobit and OLS with instrumental variables reveals that both groups send remittances for different reasons. Altruism and insurance seem to drive remittances from seasonal migrants, while the positive relations between income, assets and remittances from permanent migrants may be a result of bequest, loan repayment and exchange motives.
Number of Pages in PDF File: 29 Keywords: Remittances, Kyrgyzstan, labour migration JEL Classification: F22, O15 working papers seriesDate posted: May 17, 2010 ; Last revised: June 13, 2010Suggested CitationContact Information
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