Migrant Remittances and Macroeconomic Developments in the Source Countries

Migration und Globaliserung in Zeiten des Umbruchs, 2017

12 Pages Posted: 31 Jul 2018

See all articles by Daniela Bobeva

Daniela Bobeva

Bulgarian Academy of Sciences - Economic Research Institute

Multiple version iconThere are 2 versions of this paper

Date Written: October 6, 2017

Abstract

Decades of studies on migrant remittances make one think that everything has been already said, but the recent dynamics of remittances challenge the accumulated knowledge. The economic downturn in the remittance-source countries led to a decline in the outflows and a further stagnation while the inflows to these countries sharply increased. The role of the source countries in remittances dynamics needs more attention. This article empirically examines the role of a set of macroeconomic indicators on the outflows of remittances in seven of the top ten source countries of remittances. Particular attention is given to the fluctuations in remittance outflows over the international business cycles and more specifically during the recent global crisis. The constructed model found a significant impact of inflation, unemployment and wages in the source countries on the outflow of remittances, while the economic growth has no significant direct impact.

Keywords: migration, remittances

JEL Classification: F 22, F 24

Suggested Citation

Bobeva, Daniela, Migrant Remittances and Macroeconomic Developments in the Source Countries (October 6, 2017). Migration und Globaliserung in Zeiten des Umbruchs, 2017 , Available at SSRN: https://ssrn.com/abstract=3209153

Daniela Bobeva (Contact Author)

Bulgarian Academy of Sciences - Economic Research Institute ( email )

3 Aksakov Str
Sofia, PB 788
Bulgaria

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
48
Abstract Views
228
PlumX Metrics