## A Theory of Workers' Remittances with An Application to Morocco

_IMF Working Papers, October 1, 2004_

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## Bibliographic details
- Authors: Jacques Bouhga-Hagbe
- Published: October 1, 2004
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451859898.001

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### Model: motives and determinants of remittances
- 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 degrees of altruism of migrants,
  - the degree of "attachment" to their home country,
  - and, if portfolio diversification motives are significant, interest rate differentials between the home country and the country of residence.

### Empirical approach: application to Morocco
- The theoretical model is applied to Morocco using co-integration techniques.
- Empirical analysis focuses on the stability of remittances in Morocco.

### Findings and analysis
- Remittances should depend on:
  - altruism,
  - "attachment" to the home country,
  - interest rate differentials when portfolio diversification is a motive.
- The paper discusses the stability of remittances in Morocco in light of the empirical findings derived from co-integration analysis.

### Policy implications
- 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).

### Publication and metadata
- 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

*Summary and metadata drawn from the IMF Working Paper landing page for "A Theory of Workers' Remittances with An Application to Morocco".*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/a-theory-of-workers-remittances-with-an-application-to-morocco-17660_