Macroeconomic Determinants of Remittances: Evidence from India

 
Author/Editor: Gupta, Poonam
 
Publication Date: December 01, 2005
 
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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, 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.
 
Series: Working Paper No. 05/224
Subject(s): Workers remittances | India | Balance of payments

Author's Keyword(s): Remittances | balance of payments | India
 
English
Publication Date: December 01, 2005
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2005224 Pages: 21
Price:
US$15.00 (Academic Rate:
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