Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries
Simple theoretical consideration suggests that the flows of workers’ remittances ought to be partly driven by domestic macroeconomic indicators. However, empirical research seeking to support this claim has produced mixed results. In this paper, using a Pooled Mean Group (PMG) estimator on panel dat...
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| Format: | Article |
| Language: | English |
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Universiti Malaysia Sarawak
2018
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13363/1/Domestic%20macroeconomic%20conditions%20and%20inflow%20of%20workers%27%20remittances%20in%20labour-sending%20Asian%20countries.pdf |
| _version_ | 1825945222331236352 |
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| author | Ngoma, Abubakar Lawan Ismail, Normaz Wana Law, Siong Hook |
| author_facet | Ngoma, Abubakar Lawan Ismail, Normaz Wana Law, Siong Hook |
| author_sort | Ngoma, Abubakar Lawan |
| collection | UPM |
| description | Simple theoretical consideration suggests that the flows of workers’ remittances ought to be partly driven by domestic macroeconomic indicators. However, empirical research seeking to support this claim has produced mixed results. In this paper, using a Pooled Mean Group (PMG) estimator on panel data from 15 labour-sending Asian countries during the period of 1984-2010, further evidence is produced on the effects of domestic macroeconomic factors on inflows of workers’ remittances. In particular, factors such as interest rate differential between migrant home and destination country, exchange rate depreciation, and financial sector development favourably induce remittance flows from migrant workers abroad. Conversely, workers’ remittances respond negatively to domestic political and/or economic instability. |
| first_indexed | 2024-03-06T07:28:08Z |
| format | Article |
| id | upm.eprints-13363 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:28:08Z |
| publishDate | 2018 |
| publisher | Universiti Malaysia Sarawak |
| record_format | dspace |
| spelling | upm.eprints-133632018-06-11T08:46:02Z http://psasir.upm.edu.my/id/eprint/13363/ Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries Ngoma, Abubakar Lawan Ismail, Normaz Wana Law, Siong Hook Simple theoretical consideration suggests that the flows of workers’ remittances ought to be partly driven by domestic macroeconomic indicators. However, empirical research seeking to support this claim has produced mixed results. In this paper, using a Pooled Mean Group (PMG) estimator on panel data from 15 labour-sending Asian countries during the period of 1984-2010, further evidence is produced on the effects of domestic macroeconomic factors on inflows of workers’ remittances. In particular, factors such as interest rate differential between migrant home and destination country, exchange rate depreciation, and financial sector development favourably induce remittance flows from migrant workers abroad. Conversely, workers’ remittances respond negatively to domestic political and/or economic instability. Universiti Malaysia Sarawak 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13363/1/Domestic%20macroeconomic%20conditions%20and%20inflow%20of%20workers%27%20remittances%20in%20labour-sending%20Asian%20countries.pdf Ngoma, Abubakar Lawan and Ismail, Normaz Wana and Law, Siong Hook (2018) Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries. International Journal of Business and Society, 19 (1). pp. 41-58. ISSN 1511-6670 http://www.ijbs.unimas.my/index.php/content-abstract/all-issues/58-vol-19-no-1-2018/429-domestic-macroeconomic-conditions-and-inflow-of-workers-remittances-in-labour-sending-asian-countries |
| spellingShingle | Ngoma, Abubakar Lawan Ismail, Normaz Wana Law, Siong Hook Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title | Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title_full | Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title_fullStr | Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title_full_unstemmed | Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title_short | Domestic macroeconomic conditions and inflow of workers' remittances in labour-sending Asian countries |
| title_sort | domestic macroeconomic conditions and inflow of workers remittances in labour sending asian countries |
| url | http://psasir.upm.edu.my/id/eprint/13363/1/Domestic%20macroeconomic%20conditions%20and%20inflow%20of%20workers%27%20remittances%20in%20labour-sending%20Asian%20countries.pdf |
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