Naiditch, Claire; Vranceanu, Radu - HAL - 2009
investment contributes to increase capital intensity and wages in the origin country, thus reducing the scope for migrating. We … costs are not too low. Exogenous shocks, such as an increase in the foreign wage, lead to an increase in optimal remittances …. Hence, in equilibrium, optimal remittances and number of migrants are positively related. We use data from twenty fi …