Full Citation

Title: Migración internacional y determinantes de las remesas de trabajadores en Colombia

Citation Type: Miscellaneous

Publication Year: 2019

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Abstract: This paper is a contribution to the process of identifying, characterizing and modeling the determinants of workers' remittances for the case of Colombia. It also includes a description of the evolution of the migratory flow of Colombians abroad and of the remittances recipient’s households. Remittances determinants are explained by using a VEC model that includes, in addition to the remittances inflows, the stock of Colombian migrants abroad and some macroeconomic aggregates that are thought to approximate the variables that influence the migrant's decision to send money to their families. According to the econometric results, Colombian workers remittances inflows are determined by the performance of the GDP of the countries where the migrants live, as well as by the increase in the international emigration of Colombians. In addition, these transfers show a countercyclical behavior against the Colombian GDP.

Url: http://repositorio.banrep.gov.co/handle/20.500.12134/9654

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Authors: Garavito-Acosta, Aarón, L; Collazos-Gaitán, María, M; Hernández-Bejarano, Manuel, D; Montes-Uribe, Enrique

Publisher: Banco de la República

Data Collections: IPUMS USA

Topics: Migration and Immigration

Countries: United States