• Korea Trade Review
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• v.47 no.2
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• pp.89-101
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• 2022

International remittances play a crucial role in the economic management of each country, especially in developing countries. Its functions are diverse, including procurement of foreign currency, serving as a cushion for the balance of payments and foreign exchange reserves by reducing the adverse external shocks, driving economic growth, easing the gap between the rich and the poor, and maintaining macroeconomic stability. However, previous studies on remittances have mainly focused on macro-and micro-economic aspects to analyze the determinants. Therefore, this study attempts to identify the determinants of remittances in 122 countries over the past 25 years from macroeconomic and educational aspects as well as institutional qualities. In addition, given the fact that almost all of the world's top 10 recipient countries in terms of GDP and total remittance size are developing countries, developed and developing countries are separated and analyzed for comparison, assuming that there may be a difference between the two groups. Results show that the coefficients of developed and developing countries are different in four areas: Control of Corruption (CC), Rule of Law (RL), Voice and Accountability (VA), and Regulatory Quality (RQ) among the six institutional variables of interest in this study. These results implicate that even the same institutions and policies should be applied and implemented differently depending on the circumstances of each country. In addition, as suggested by the World Bank, policymakers in all countries should double their policy efforts to lower the costs of remittance and improve access to the financial system for immigrants or dispatched workers to ensure a steady inflow of remittances.

• Korean Journal of Social Welfare Studies
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• v.49 no.4
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• pp.5-30
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• 2018

The purpose of this study was to develop and empirically evaluate a theoretical model that delineated the processes whereby parents' socioeconomic status affected students'academic achievement via parental support and students' ego-resilience. The proposed model was tested with the first and second wave of a cohort sample of the first grade middle school students from the Korean Children Youth Panel survey by using linear structural relations techniques. The results of analysis showed firstly that parents' socioeconomic status, parental support and students' ego-resilience directly affected the level of students'academic achievement with statistical significance. Secondly, parental support, the proxy of social capital of the family, was contingent upon the parents'socioeconomic status. Thirdly, in addition to its direct effect, parents'socioeconomic status gave indirect effect on students' academic performance through parental support and ego-resilience. Based upon these results implications for social work intervention were provided.