ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Macroeconomic Determinants of Remittances

Remittances to India have been growing rapidly since 1991, making the country one of the largest recipients of remittances in the developing world. This paper analyses the determinants of remittances to India and finds that their growth over time can be explained by the increase in migration and total earnings of migrants. Remittances are also affected by the economic environment in source countries, and appear to be counter-cyclical - i e, higher during periods of low economic growth in India. None of the remaining economic or political variables considered in the paper, including political uncertainty, interest rates or exchange rate depreciation, are found to affect remittances significantly.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top