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The Global and Local: Explaining Migrant Remittance Flows in the English-Speaking World, 1880–1914

Authors :
Gary B. Magee
Andrew S. Thompson
Source :
The Journal of Economic History. 66
Publication Year :
2006
Publisher :
Cambridge University Press (CUP), 2006.

Abstract

This article uses money order data to examine the determinants of British migrant remittances prior to 1914. Using panel data and cointegration analysis, it provides evidence of four distinct types of remittance behavior, lending support to Lucas and Stark's theory that remittances are driven by an implicit contract between remitter and remittee. The relative strengths of these different forms of remittance varied across the English-speaking world, with the largest differences occurring between migrants residing in America and those in the self-governing dominions. The explanation for these differences is seen to lie in the distinctive nature of British emigration to America.

Details

ISSN :
14716372 and 00220507
Volume :
66
Database :
OpenAIRE
Journal :
The Journal of Economic History
Accession number :
edsair.doi...........8ce028fe19a12f9f80bd9f5991f0e09b
Full Text :
https://doi.org/10.1017/s0022050706000076