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- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2016.1
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- 1 - 18 (18page)
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This paper investigates the cyclicality of remittances to make inferences about whether they are sent for altruistic or self-interest reasons. The results show that remittances are procyclical, and therefore, do not support the general altruistic motive for sending remittances to sub-Saharan Africa. The results also do not lend credence to the portfolio choice hypothesis.
Thus, the findings suggest that remittances to the sub-region may be driven by some other self-interest motives or family arrangements. These results, however, do not diminish the fact that remittances remain an important source of external finance to the sub-region, as evidenced in the literature.
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참고문헌 (19)
참고문헌 신청
Acosta, P / 2009 / Remittances and Dutch Disease / Journal of International Economics 79:102~116
Amuedo-Dorantes, C / 2006 / Remittances as Insurance : Evidence from Mexican Immigrants / Journal of Population Economics 19:227~254
Arellano, M / 1991 / Some Tests of Specification for Panel Data : MonteCarlo Evidence with an Application for Employment Equations / Review of Economic Studies 58:277~297
Blundell, R / 1998 / Initial Conditions and Moment Restrictions in Dynamic Panel Data Models / Journal of Econometrics 87:115~143
Bjuggren, P. -O / 2010 / Remittances and Investment
Amuedo-Dorantes, C / 2006 / Remittances as Insurance : Evidence from Mexican Immigrants / Journal of Population Economics 19:227~254
Arellano, M / 1991 / Some Tests of Specification for Panel Data : MonteCarlo Evidence with an Application for Employment Equations / Review of Economic Studies 58:277~297
Blundell, R / 1998 / Initial Conditions and Moment Restrictions in Dynamic Panel Data Models / Journal of Econometrics 87:115~143
Bjuggren, P. -O / 2010 / Remittances and Investment
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