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International business cycles and remittance flows Cooray, Arusha and Mallick, Debdulal 2013, International business cycles and remittance flows, B.E. journal of macroeconomics, vol. 13, no. 1, pp. 1-33. Title International business cycles and remittance flows Author(s) Cooray, Arusha Mallick, Debdulal Journal name B.E. journal of macroeconomics Volume number 13 Issue number 1 Start page 1 End page 33 Total pages 33 Publisher Walter de Gruyter GmbH & Co. KG Place of publication Berlin, Germany Publication date 2013-09 ISSN 2194-6116 1935-1690 Keyword(s) remittance volatility international business cycle dynamic panel data Summary In this paper, we study the macroeconomic determinants of remittance flows. We place particular attention to fluctuations in remittance flows over the international business cycles. Estimating a dynamic panel data model using the system-GMM method over the period 1970–2007, we document that remittance inflows decrease with home country volatility. Contrarily, remittance inflows increase with the volatility in host countries, especially for middle-income countries. Lower interest rates in host countries lead to larger remittance outflows. Trade and capital account openness are the most important factors that determine both remittance inflows and outflows. We conclude that macroeconomic factors of both home and host countries are important for understanding remittance flows. Language eng Field of Research 140210 International Economics and International Finance Socio Economic Objective 910107 Macro Labour Market Issues HERDC Research category C1 Refereed article in a scholarly journal HERDC collection year 2013 Copyright notice ©2013, Walter de Gruyter GmbH & Co. KG Persistent URL http://hdl.handle.net/10536/DRO/DU:30057101 Document type: Journal Article Collection: School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 22 Oct 2013, 13:24:17 EST Wed, 23 Oct 2013, 08:32:21 EST Fri, 25 Oct 2013, 13:48:07 EST Fri, 25 Oct 2013, 13:50:49 EST Fri, 25 Oct 2013, 13:52:09 EST Fri, 25 Oct 2013, 19:04:04 EST Fri, 25 Oct 2013, 19:05:23 EST Fri, 01 Nov 2013, 12:41:55 EST Fri, 20 Dec 2013, 09:45:14 EST Filtered Full Access Statistics: 65 Abstract Views, 4 File Downloads  -  Detailed Statistics Created: Tue, 22 Oct 2013, 13:24:01 EST by Aysun Alpyurek

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