01740cas a2200241 a 4500 AALejournalIMF003184 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859898 1018-5941 BD-DhAAL BD-DhAAL Bouhga-Hagbe, Jacques. A Theory of Workers' Remittances with An Application to Morocco / Jacques Bouhga-Hagbe. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides a model on how altruism, "attachment" to the home country, and portfolio diversification may act as potential motives behind workers' remittances. It shows that the level of workers' remittances depends on how great are their degrees of altruism and "attachment" to their home country, and should also depend on interest rate differentials between the home country and the country of residence if portfolio diversification motives are significant in the decision to remit. The model is applied to Morocco using co-integration techniques. The paper then discusses the stability of remittances in Morocco and the policy implications in light of the empirical findings. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/194 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/194/001.2004.issue-194-en.xml IMF e-Library