Regresar

Determinants of Remittance Flows in Ecuador, From a Territo-rial Perspective

Abstract:

The objective of the research is to determine the factors that influence the sending of remittances (in dollars) from the United States and Spain to Ecuador, in the period 2000 - 2020. The methodol-ogy used is the series models with correction of standard errors, trend secular or long-term. The results show that the growth of economic activity, measured by means of the Gross Domestic Prod-uct per capita, employment, wages, exchange rate (euro/dollar), increases the remittance of these flows to Ecuador and consequently local development. In other words, as long as these economies register positive growth rates, Ecuadorian migrants would have more opportunities to increase their income and, therefore, send greater amounts of remittances to their localities. In this scenario, the remittance flows are determined by certain macroeconomic variables (GDP growth, salary, employ-ment and exchange rate) of the host countries that directly affect the incomes of the emigrants