Remittances for economic development: The investment perspective

Le, Thanh (2011) Remittances for economic development: The investment perspective. Economic Modelling, 28 6: 2409-2415. doi:10.1016/j.econmod.2011.06.011


Author Le, Thanh
Title Remittances for economic development: The investment perspective
Journal name Economic Modelling   Check publisher's open access policy
ISSN 0264-9993
1873-6122
Publication date 2011-11-01
Sub-type Article (original research)
DOI 10.1016/j.econmod.2011.06.011
Volume 28
Issue 6
Start page 2409
End page 2415
Total pages 7
Place of publication Amsterdam, Netherlands
Publisher Elsevier
Collection year 2012
Language eng
Abstract Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary compensation. The model focuses on two different cases: state-contingent transfers (transfers are tied to investment outcomes) and fixed transfers (transfers are mainly of altruistic motive). As the migrant derives utilities from consumption, his consumption-investment decision is driven by preferences and future investment prospects. The transfers are to increase with both business encouraging and income compensatory effects.
Keyword Remittances
Investment
Financial development
Income transfer
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2012 Collection
School of Economics Publications
 
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Created: Sun, 25 Sep 2011, 12:15:12 EST by Dr Thanh Quang Le on behalf of School of Economics