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A Model of Remittance Determination Applied to Middle East and North Africa Countries

GLYTSOS, NICHOLAS - EconWPA - 2005

the migrant and his family, treating remittances as an endogenous variable in the migration system. Behind this model is … present or future consumption of remittances. The model has two purposes: estimate the relative significance of behavioural …

Persistent link: https://www.econbiz.de/10005556841

“Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries”. Discussion Paper, No. 74, KEPE, Athens, 2002.

GLYTSOS, NICHOLAS - EconWPA - 2005

investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier … effects of exogenous shocks of remittances, with data from five Mediterranean countries. The analysis reveals a uniform … changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …

Persistent link: https://www.econbiz.de/10005076545

Macroeconomic Determinants of Workers’ Remittances: Host vs. Home Country’s Economic Conditions

Vargas-Silva, Carlos; Huang, Peng - EconWPA - 2005

This study examines the determinants of worker’s remittances. Variance decompositions, impulse response functions and … Granger causality tests derived from a vector error correction model are used to test if remittances are affected by the … Dominican Republic, El Salvador, Mexico and the U.S. are used. The results indicate that remittances respond more to changes in …

Persistent link: https://www.econbiz.de/10005119455

Latin American Progress under Structural Reform

Jr, Thomas M Fullerton; Sprinkle, Richard L - EconWPA - 2004

Subsequent to the economic difficulties of the 1980s, many Latin American governments reluctantly began to introduce market-oriented reform measures. In many cases, the new measures were adopted only as a means of participating in debt-relief programs such as the Brady Initiative. In no case,...

Persistent link: https://www.econbiz.de/10005550976

Confessions of an International Forecaster

Jr, Thomas M Fullerton - EconWPA - 2004

Impacts of the availability of low cost computing power on macroeconometric forecasting and research in Latin America are widespread. One of the most immediate effects of the adoption of microcomputing hardware was more rapid adoption of new econometric estimation techniques. Easier development...

Persistent link: https://www.econbiz.de/10005556372

Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility

Feige, Edgar L.; Šošiæ, Vedran; Faulend, Michael; … - EconWPA - 2002

We examine the extent, causes and consequences of the use of foreign currency as a co-circulating medium of exchange and store of value in Latin America. Using new estimates of the amount of foreign currency in circulation in the form of US dollars, we obtain unique measures of currency...

Persistent link: https://www.econbiz.de/10005556619

Does China have an impact on foreign direct investment to Latin America?

Garcia-Herrero, Alicia; Santabarbara, Daniel - EconWPA - 2005

We analyze empirically whether the emergence of China as a large recipient of FDI has affected the amount of FDI received by Latin American countries. For the longest time span possible given data availability (from 1984 to 2001), we do not find a substitution from Latin American inward FDI to...

Persistent link: https://www.econbiz.de/10005556626

A discrete martingale model of pension fund guarantees in

Fischer, Klaus P. - EconWPA - 1998

In this paper we present a solution to the problem of pricing guarantees of minimum returns on pension fund contributions. These guarantees exist by law in Colombia and cover all pension fund contributions made to the country's private pension fund administration companies (AFPs). As of...

Persistent link: https://www.econbiz.de/10005561592

Persistence Characteristics of Latin American Financial Markets

KYAW, NYO NYO A.; LOS, CORNELIS A.; ZONG, SIJING - EconWPA - 2004

Static time series models usually assume stationarity, normality, and independence for the increments of financial rates of return. This paper investigates the empirical characteristics of financial rates of return from Latin American stock and currency markets and documents that their empirical...

Persistent link: https://www.econbiz.de/10005561684

Do European Stock Markets Affect Latin American Stock Markets?

Rivas, Andrés; Verma, Rahul; Rodriguez, Antonio; … - EconWPA - 2005

In this study, we examine the response of Latin American stock markets to movements in European stock markets using VAR models. Our results vary depending on the openness of the country in terms of international trade. We find evidence that Latin American stock markets are responsive to changes...

Persistent link: https://www.econbiz.de/10005561729