Series: IMF Working Papers
Author(s): Marta Ruiz-Arranz , and Erik Lueth
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2007
Keywords: Workers&;amp;#x2019; remittances, Cyclicality, Macroeconomic Shock, Vector Error Correction Model, remittances, remittance, remittance receipts, cointegration, International Factor Movements: Other, Macroeconomic Analyses of Economic Development,
We estimate a vector error correction (VEC) model for Sri Lanka to determine the response of remittance receipts to macroeconomic shocks. This is the first attempt of its kind in the literature. We find that remitt...