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

McCracken, Scott; Ramlogan-Dobson, Carlyn; Stack, Marie M.

Authors

Marie M. Stack



Abstract

A gravity model of remittance determinants: evidence from Latin America and the Caribbean. Regional Studies. 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 industrialized 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.

Citation

McCracken, S., Ramlogan-Dobson, C., & Stack, M. M. (2017). A gravity model of remittance determinants: evidence from Latin America and the Caribbean. Regional studies, 51(5), 737-749. https://doi.org/10.1080/00343404.2015.1133904

Journal Article Type Article
Acceptance Date Nov 30, 2015
Online Publication Date Apr 19, 2016
Publication Date May 4, 2017
Deposit Date May 15, 2019
Publicly Available Date Mar 25, 2021
Journal Regional Studies
Print ISSN 0034-3404
Electronic ISSN 1360-0591
Publisher Routledge
Peer Reviewed Peer Reviewed
Volume 51
Issue 5
Pages 737-749
DOI https://doi.org/10.1080/00343404.2015.1133904
Keywords Gravity model; Bilateral remittances; Latin America
Public URL https://hull-repository.worktribe.com/output/1788076
Publisher URL https://www.tandfonline.com/doi/full/10.1080/00343404.2015.1133904
Additional Information Peer Review Statement: The publishing and review policy for this title is described in its Aims & Scope.; Aim & Scope: http://www.tandfonline.com/action/journalInformation?show=aimsScope&journalCode=cres20

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