Transaction cost and informality in the sending of remittances: proposal of a model

With a registered amount three times larger than the official development assistance, remittances have become an important source of income for families and countries in conditions of poverty alike. According to the literature, the volume of unregistered remittances that flow through informal channe...

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Autores principales:	González Gutiérrez , José Javier, Muñoz Munguía , Ana Marina
Formato:	Online
Lenguaje:	spa
Publicado:	Posgrados de la División de Ciencias Económica Administrativas 2023
Acceso en línea:	https://indiciales.unison.mx/index.php/Indicial/article/view/50
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spelling	oai:https:--indiciales.unison.mx-:article-502023-04-20T23:57:05Z Transaction cost and informality in the sending of remittances: proposal of a model Costos de transacción y la informalidad en el envío de remesas: propuesta de un modelo González Gutiérrez , José Javier Muñoz Munguía , Ana Marina Remesas costos de transacción informalidad Remittances transaction costs informality With a registered amount three times larger than the official development assistance, remittances have become an important source of income for families and countries in conditions of poverty alike. According to the literature, the volume of unregistered remittances that flow through informal channels can reach anywhere between 50 and 250 percent of registered remittances flowing through formal channels. In large part due to high transaction costs associated with the transfer of remittances. To-date, the bulk of efforts to study the relationship between transaction costs and informal remittances has focused on the factors that determine the migrant’s choice in his country of residency. The scarce efforts to incorporate the receiver’s decision making have found that transaction costs are a decisive factor in the choice of remittance channel, and that a competitive and well-developed financial market reduces the transaction costs associated with the transfer of remittances. The goal of this first part of this research is to propose a model that incorporates microeconomic variables as determinant factors of the transaction costs and the choice of remittance channel in order to detect areas of opportunity that facilitate and promote the use of formal channels.   Con un monto registrado tres veces mayor al de la asistencia externa para el desarrollo, las remesas se han convertido en una fuente importante ingresos tanto para familias como para países en situación de pobreza. De acuerdo con la literatura, la cantidad de remesas que fluyen por canales informales y no se registran pueden llegar a contar desde 50 hasta 250 por ciento de las remesas registradas. Esto se debe en gran parte a los altos costos de transacción asociados con la transferencia de remesas. A la fecha, el grueso de los esfuerzos por estudiar la relación entre los costos de transacción y los envíos informales de remesas se ha enfocado en los factores que determinan la elección del migrante en su país de residencia. Los escasos esfuerzos por incorporar la toma de decisiones del receptor han encontrado que los costos de transacción son un factor decisivo en la elección de canal de remesas, y que un mercado financiero competitivo y plenamente desarrollado reduce los costos de transacción asociados con los envíos de remesas. El objetivo de la primera parte de este trabajo de investigación es proponer un modelo que incorpore variables microeconómicas como factores determinantes en los costos de transacción y en la elección de envío de remesas con el fin de detectar áreas de oportunidad que faciliten y promuevan el uso de canales formales. Posgrados de la División de Ciencias Económica Administrativas 2023-03-13 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Articulo evaluado por pares application/pdf https://indiciales.unison.mx/index.php/Indicial/article/view/50 10.52906/ind.v1i5.50 Indiciales; Vol. 1 Núm. 5 (2023): REVISTA INDICIALES 2954-3649 10.52906/ind.v1i5 spa https://indiciales.unison.mx/index.php/Indicial/article/view/50/54 Derechos de autor 2023 José Javier González Gutiérrez , Ana Marina Muñoz Munguía
institution	Indiciales
collection	OJS
language	spa
format	Online
author	González Gutiérrez , José Javier Muñoz Munguía , Ana Marina
spellingShingle	González Gutiérrez , José Javier Muñoz Munguía , Ana Marina Transaction cost and informality in the sending of remittances: proposal of a model
author_facet	González Gutiérrez , José Javier Muñoz Munguía , Ana Marina
author_sort	González Gutiérrez , José Javier
title	Transaction cost and informality in the sending of remittances: proposal of a model
title_short	Transaction cost and informality in the sending of remittances: proposal of a model
title_full	Transaction cost and informality in the sending of remittances: proposal of a model
title_fullStr	Transaction cost and informality in the sending of remittances: proposal of a model
title_full_unstemmed	Transaction cost and informality in the sending of remittances: proposal of a model
title_sort	transaction cost and informality in the sending of remittances: proposal of a model
description	With a registered amount three times larger than the official development assistance, remittances have become an important source of income for families and countries in conditions of poverty alike. According to the literature, the volume of unregistered remittances that flow through informal channels can reach anywhere between 50 and 250 percent of registered remittances flowing through formal channels. In large part due to high transaction costs associated with the transfer of remittances. To-date, the bulk of efforts to study the relationship between transaction costs and informal remittances has focused on the factors that determine the migrant’s choice in his country of residency. The scarce efforts to incorporate the receiver’s decision making have found that transaction costs are a decisive factor in the choice of remittance channel, and that a competitive and well-developed financial market reduces the transaction costs associated with the transfer of remittances. The goal of this first part of this research is to propose a model that incorporates microeconomic variables as determinant factors of the transaction costs and the choice of remittance channel in order to detect areas of opportunity that facilitate and promote the use of formal channels.
publisher	Posgrados de la División de Ciencias Económica Administrativas
publishDate	2023
url	https://indiciales.unison.mx/index.php/Indicial/article/view/50
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Transaction cost and informality in the sending of remittances: proposal of a model

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