{
  "title": "A Theory of Workers' Remittances with An Application to Morocco",
  "publication": "IMF Working Papers, October 1, 2004",
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  "summary": "This paper provides a model on how altruism, \"attachment\" to the home country, and portfolio diversification may act as potential motives behind workers' remittances.",
  "sections": [
    {
      "heading": "Model: motives and determinants of remittances",
      "content": "- Proposes a model where altruism, \"attachment\" to the home country, and portfolio diversification act as potential motives behind workers' remittances.\n- Shows that the level of workers' remittances depends on:\n  - the degrees of altruism of migrants,\n  - the degree of \"attachment\" to their home country,\n  - and, if portfolio diversification motives are significant, interest rate differentials between the home country and the country of residence."
    },
    {
      "heading": "Empirical approach: application to Morocco",
      "content": "- The theoretical model is applied to Morocco using co-integration techniques.\n- Empirical analysis focuses on the stability of remittances in Morocco."
    },
    {
      "heading": "Findings and analysis",
      "content": "- Remittances should depend on:\n  - altruism,\n  - \"attachment\" to the home country,\n  - interest rate differentials when portfolio diversification is a motive.\n- The paper discusses the stability of remittances in Morocco in light of the empirical findings derived from co-integration analysis."
    },
    {
      "heading": "Policy implications",
      "content": "- The paper discusses policy implications stemming from the empirical findings on remittance behavior and stability in Morocco (specific policy recommendations are discussed in the paper)."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Author: Jacques Bouhga-Hagbe\n- Publication date: October 1, 2004\n- Series: Working Paper No. 2004/194\n- Issue: 194\n- Volume: 2004\n- Pages: 35\n- DOI: https://doi.org/10.5089/9781451859898.001\n- Stock No: WPIEA1942004\n- ISBN: 9781451859898\n- ISSN: 1018-5941\n- Citation preview provided: Jacques Bouhga-Hagbe. \"A Theory of Workers' Remittances with An Application to Morocco\", IMF Working Papers 2004, 194 (2004), accessed 9/17/2026, https://doi.org/10.5089/9781451859898.001\n\nSummary and metadata drawn from the IMF Working Paper landing page for \"A Theory of Workers' Remittances with An Application to Morocco\".\n\n---\n\n Content in this bundle\n\n- Wp04194\n  - Wp04194 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp04194 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/a-theory-of-workers-remittances-with-an-application-to-morocco-17660"
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    "Authors: Jacques Bouhga-Hagbe",
    "Published: October 1, 2004",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451859898.001",
    "Proposes a model where altruism, \"attachment\" to the home country, and portfolio diversification act as potential motives behind workers' remittances.",
    "Shows that the level of workers' remittances depends on:",
    "The theoretical model is applied to Morocco using co-integration techniques.",
    "Empirical analysis focuses on the stability of remittances in Morocco.",
    "Remittances should depend on:",
    "The paper discusses the stability of remittances in Morocco in light of the empirical findings derived from co-integration analysis.",
    "The paper discusses policy implications stemming from the empirical findings on remittance behavior and stability in Morocco (specific policy recommendations are discussed in the paper).",
    "Author: Jacques Bouhga-Hagbe",
    "Publication date: October 1, 2004",
    "Series: Working Paper No. 2004/194",
    "Issue: 194",
    "Volume: 2004",
    "Pages: 35",
    "DOI: https://doi.org/10.5089/9781451859898.001",
    "Stock No: WPIEA1942004",
    "ISBN: 9781451859898",
    "ISSN: 1018-5941",
    "Citation preview provided: Jacques Bouhga-Hagbe. \"A Theory of Workers' Remittances with An Application to Morocco\", IMF Working Papers 2004, 194 (2004), accessed 9/17/2026, https://doi.org/10.5089/9781451859898.001",
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