International remittances are an increasingly discussed topic for development economists; however, economists disagree about the motivations for remittance-sending. Additionally, there is divergence among economists about which variables determine remittance flows. This thesis examines the
motivations of remittance senders from Latin America and the Caribbean (LAC), as well as from Sub-Saharan Africa (SSA) through the introduction of a political instability variable. This thesis, representing 47 nations,
contains 2 panel estimations of the macroeconomic and political determinants
of remittances to LAC, and SSA. Annual remittances from 1970 to 2003 for the
nations in the two regions were regressed on per capita GDPs of the host and recipient nations, the real interest rate differential between the recipient and host nations, and a political instability index for the recipient nation.
The panel estimation for LAC revealed a statistically significant 5% decrease
in remittances per unit increase in the political instability index. The panel estimation for SSA showed 0 effect with a unit increase in the political instability index. This result was not statistically significant. The result for LAC indicated altruism as the motivation for remittance sending, while the
result for SSA was inconclusive. The evidence asserts that political instability affects remittance flows to LAC, while it does not impact remittance flows to SSA.
| Identifer | oai:union.ndltd.org:VANDERBILT/oai:VANDERBILTETD:etd-04112006-173057 |
| Date | 04 May 2006 |
| Creators | Agbegha, Vivian Ogbomienie |
| Contributors | Ana Regina Vides de Andrade |
| Publisher | VANDERBILT |
| Source Sets | Vanderbilt University Theses |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.library.vanderbilt.edu//available/etd-04112006-173057/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to Vanderbilt University or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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