suitable to control for unobserved heterogeneity as well as simultaneous bias existing between remittances and migrant's stock …. The main novelty with respect to the existing literature is the use of transaction costs of remittances as a superior … remittances, such as improved economic conditions in the receiving country, Pakistani migrant's stock in the source country, and …

to identify major determinants of remittances using gravity models of bilateral remittances. We find that bilateral …. The degree to which remittances are countercyclical is found to vary significantly by subregion: Central Asia and … estimated models suggest that migrant stock is a top determinant of remittances, and that an increase in bilateral remittances …

language, fit remittance flows well. Remittances also react to inflation and exchange rate movements in recipient countries to … sustain their purchasing power. In line with the altruism hypothesis, remittances flow to countries with higher age dependency … ratio. Remittances are countercyclical and help stabilize outputs in recipient countries. However, global shocks resulting …

Remittances are one of the major driving forces of economic growth in Bangladesh. The paper's main objective is to …