Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226130 
Authors: 
Year of Publication: 
2011
Series/Report no.: 
wiiw Balkan Observatory Working Papers No. 092
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
This paper presents the results of estimation of the model of interaction between social transfers and remittances. Compared to previous studies, this paper estimates non-monotonic "crowding out" effect by an innovative empirical model specification. The model is then estimated by the two-stage Heckman's selection method, where the receipt of remittances is the first stage, and amount of remittances received second stage dependent variable. The findings suggest that social transfers crowd-in remittances and that the predominant motive for sending remittances to Bosnia is exchange. In addition, the results do not support the Cox (1997) hypothesis about non-monotonic transfer motives.
Document Type: 
Working Paper

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