A gravity model of remittance determinants: evidence from Latin America and the Caribbean

McCracken, S, Ramlogan-Dobson, C and Stack, MM ORCID: 0000-0002-9213-7607, 2016. A gravity model of remittance determinants: evidence from Latin America and the Caribbean. Regional Studies. ISSN 0034-3404

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Abstract

This paper constructs a microeconomic model of the motivation for remittances and uses it to explore the macroeconomic determinants. In addition, a new measure of bilateral remittances is used to estimate a gravity model of remittances for 27 Latin American and Caribbean countries and 18 industrialised countries. The results suggest remittances are motivated by a combination of altruism and self-interest, both of which are encapsulated by economic and non-economic variables.

Item Type: Journal article
Publication Title: Regional Studies
Creators: McCracken, S., Ramlogan-Dobson, C. and Stack, M.M.
Publisher: Taylor & Francis
Date: 19 April 2016
ISSN: 0034-3404
Identifiers:
NumberType
10.1080/00343404.2015.1133904DOI
Divisions: Schools > Nottingham Business School
Depositing User: Linda Sullivan
Date Added: 09 Jan 2017 10:46
Last Modified: 09 Jun 2017 14:10
URI: http://irep.ntu.ac.uk/id/eprint/29600

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