%0 Report
        %A Glebocki, Helena
%A Simpson, Nicole B.
%A Vaca, Felipe Alarcon
        %T The Macroeconomic Push-Pull Conditions Affecting Remittance Flows between Latin American Economies
        %D 2026
        %8 2026 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 18829
        %U https://www.iza.org/index.php/publications/dp18829
        %X This paper analyzes the macroeconomic push–pull determinants of bilateral remittance flows among 33 pairs of Latin American countries using quarterly data between 2005 and 2023. We apply a panel Autoregressive Distributed Lag (ARDL) framework combined with a Poisson Pseudo Maximum Likelihood (PPML) gravity model specification, distinguishing between short-run dynamics and long-run equilibrium relationships. The results show strong evidence of long-run cointegration between remittance flows and macroeconomic fundamentals. Among the determinants, GDP at origin emerges as the most important driver: stronger economic performance in the origin country is associated with significantly higher eemittance flows, suggesting that remittance-sending capacity increases during periods of economic expansion. GDP in the destination, or remittance-receiving, country is a critical driver of short-run remittance flows between countries. Inflation at origin leads to lower remittances flows in the long-run, but has no short-run impact. Overall, macroeconomic push–pull factors shape remittance corridors primarily through long-run structural channels rather than short-term cyclical fluctuations.
        %K remittances
%K emerging markets
%K international flows