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Determinants of Remittances :, Evidence From tonga, Huidan Lin

This paper analyzes the determinants of remittances to Tonga. The results indicate that macroeconomic conditions in remitting countries and exchange rate fluctuations influence remittances. In particular, remittances growth falls when the Tongan currency appreciates, but increases with higher real GDP growth and lower unemployment in remitting countries. The analysis also finds that the influence of these determinants varies with the recipients of remittances, with remittances to non-profit organizations being more sensitive to an appreciation of the Tongan currency and the interest rate differential between Tonga and remitting countries than remittances to households. However, the analysis does not find evidence of " Dutch Disease" in Tonga, as the real exchange rate does not appear to be affected by remittances
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Remittances as a Share of GDP (in percent); 2. Remittances and Exports (growth in percent); 3. Share of Remittance Flows by Country of Origin; II. Literature Review; A. Determinants of Remittances; B. Impact of Remittances on the Real Effective Exchange Rate; III. Empirical Analysis; A. Data Description and Model Specification; 4. Remittances, Bilateral Real Exchange Rate, and Growth in Remitting Countries; 5. Remittances, Growth, and Real Effective Exchange Rate in Tonga; 1. Definition and Source of the Variables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (26 p.)
Specific Material Designation
Form Of Item

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