Skip to main content

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.

Journal Article Type Article
Publication Date May 4, 2017
Journal Regional Studies
Print ISSN 0034-3404
Electronic ISSN 1360-0591
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 51
Issue 5
Pages 737-749
APA6 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
DOI https://doi.org/10.1080/00343404.2015.1133904
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....cope&journalCode=cres20
;