#2009-007 Remittances, lagged dependent variables and migration stocks as determinants of migration from developing countries
Remittances, lagged dependent variables and migration stocks as determinants of migration from developing countries
In regressions for net immigration flows of developing countries we show
that (i) savings finance emigration and worker remittances serve to make
staying rather than migrating possible until a certain value, beyond
which the opposite holds; (ii) lagged dependent migration flows have a
negative sign even in the presence of migration stock variables; (iii)
migration stocks have S-shaped effects: at sufficiently low values
higher migration stocks support emigration; beyond a threshold value
they support net immigration before they possibly support emigration
again after a second threshold value.
JEL-code: F22, O15. Keywords: migration, remittances.
UNU-MERIT Working Papers ISSN 1871-9872