Determinants of remittances in Central Asia: evidence based on the household budget survey in the Kyrgyz Republic

Atamanov, Aziz and Van den Berg, Marrit (2010). Determinants of remittances in Central Asia: evidence based on the household budget survey in the Kyrgyz Republic. Maastricht University.

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  • Sub-type Working paper
    Author Atamanov, Aziz
    Van den Berg, Marrit
    Title Determinants of remittances in Central Asia: evidence based on the household budget survey in the Kyrgyz Republic
    Volume/Issue No. 7
    Publication Date 2010
    Place of Publication Maastricht
    Publisher Maastricht University
    Pages 29
    Abstract Remittances play important role for the economy of Central Asian countries. This article uses a unique representative household budget survey from the Asian Development Bank to analyze the determinants of remittances for permanent and seasonal migrants from the Kyrgyz Republic. Empirical investigation using Tobit and OLS with instrumental variables reveals that both groups send remittances for different reasons. Altruism and insurance seem to drive remittances from seasonal migrants, while the positive relations between income, assets and remittances from permanent migrants may be a result of bequest, loan repayment and exchange motives.
    Copyright Holder Maastricht Graduate School of Governance
    Copyright Year 2010
    Copyright type All rights reserved
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