Short-run macroeconomic determinants of remittances to Jamaica: a time varying parameter approach

Autor:	Georgia McLeod, Claremont Kirton, Dillon Alleyne, Mark Figueroa
Rok vydání:	2008
Předmět:	Macroeconomics Economics and Econometrics Exchange rate Short run Cash media_common.quotation_subject Economics Positive relationship Domestic policy Differential (mechanical device) Investment (macroeconomics) media_common
Zdroj:	Applied Economics Letters. 15:629-634
ISSN:	1466-4291 1350-4851
DOI:	10.1080/13504850600721965
Popis:	This article uses a time varying parameter model (TVP) to examine the macroeconomic determinants of cash remittances to Jamaica over the period January 1983 to April 2001. We anticipated a positive relationship between changes in remittances and foreign income. We find an investment component in the relationship between changes in remittances and domestic income. In addition, the relationship between changes in remittances, the unofficial exchange rate premium and the exchange rate differential are in line with our expectations. In terms of the policy dimension of the results, it is clear that domestic policy has a significant impact on the responses of remitters. These responses do not merely reflect altruistic concerns for relatives but also investment related considerations. This means that policy makers might be able, through deliberate policy, to influence the flow of remittances over time.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ce11efd71ca0274a3d5c247276712248 https://doi.org/10.1080/13504850600721965 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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