The Park Place Economist


This paper will analyze the macroeconomic determinants of remittances received for four regions: (1) East Asia and Pacific (EAP), (2) Latin America and Caribbean (LAC), (3) Sub-Saharan Africa (SSA), and (4) South Asia (SA). In order to better capture developing countries in these regions, high-income countries are excluded from all regions (Table 1). The macroeconomic determinants in each region will be found using multiple regression analysis and yearly remittance data from 1970 through 2016. Past findings have identified a wide variety of significant macroeconomic variables that influence remittances received by the home country.