Altruism and Workers' Remittances: Evidence from Selected Countries in the Middle East and Central Asia

Author/Editor: Bouhga-Hagbe, Jacques
Publication Date: May 01, 2006
Summary: Workers' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that "altruism," as a motive to send money home, would contribute to the stability of these flows. Using a simple framework that relates workers' remittances to agricultural GDP, which is used as an indicator of economic "hardship" in the home country, evidence suggests that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and Tunisia in recent years.
Subject(s): Workers remittances | Egypt | Jordan | Morocco | Pakistan | Tunisia | Middle East and Central Asia | Balance of payments positions

Author's Keyword(s): Remittances | altruism | co-integration | Egypt | Jordan | Morocco | Pakistan | Tunisia
Publication Date: May 01, 2006
ISBN/ISSN: 0 / 1934-7073 Format: Paper
Stock No: WPIEA2006130 Pages: 29
US$15.00 (Academic Rate:
US$15.00 )
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