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Macroeconomic determinants of remittances : evidence from India

Author: Poonam Gupta; International Monetary Fund. European Department,
Publisher: [Washington, D.C] : International Monetary Fund, European Department, 2005.
Series: IMF working paper, WP/05/224.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source countries, and appear to be countercyclical-that is,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Gupta, Poonam, 1969-
Macroeconomic determinants of remittances.
[Washington, D.C] : International Monetary Fund, European Dept., 2005
(OCoLC)65175732
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Poonam Gupta; International Monetary Fund. European Department,
ISBN: 1282391720 9781282391727 9781451907797 1451907796
OCLC Number: 680614623
Description: 1 online resource (19 pages) : illustrations.
Series Title: IMF working paper, WP/05/224.
Responsibility: prepared by Poonam Gupta.

Abstract:

Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source countries, and appear to be countercyclical-that is, higher during periods of low economic growth in India. None of the remaining economic or political variables considered in the paper, including political uncertainty, interest rates, or exchange rate depreciation, are found to affect remittances significantly.

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