Stevenson Center, labor, workers, economic freedom, gdp
I test the determinants of workers’ remittances, with a focus on how economic freedom in the labor sending country affects the level of remittance inflows the country receives. I use an unbalanced panel data set between years 2000 and 2006. I find a positive and statistically significant relationship between economic freedom and the percentage of GDP from remittances. I show that the effect of economic freedom is dependent upon the level of economic development in the labor sending country (measured by real GDP per capita); as GDP per capita increases, the marginal effect of economic freedom on remittances decreases steadily.
Banwart, Lloyd, "The Effect of Economic Freedom on Workers' Remittances to Labor Sending Countries" (2011). Master's Theses - Economics. 3.