Volatility of Remittances to Pakistan: What do the Data Tell?
AbstractThis paper examines the volatility of remittance flows to Pakistan using the ARCH model. We find overall remittances to be stable, whereas those from the Middle East and North America are relatively volatile, owing to fluctuations in the output of the host economies and the migrants' profile. Remittances from Europe are the least volatile and do not vary as a result of shocks to the host or home economy. Remittances to Pakistan, especially those from Europe, can thus be used as a stable source of foreign exchange flows.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 31 (2011)
Issue (Month): 1 ()
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Remittances; Volatility; ARCH; Pakistan;
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- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
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- Farid Makhlouf & Mazhar Mughal, 2013.
"Remittances, Dutch Disease, And Competitiveness: A Bayesian Analysis,"
Journal of Economic Development,
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- Amar Iqbal ANWAR & Mazhar Yasin MUGHAL, 2013. "Foreign Financial Flows and Terrorism in Developing Countries," Working Papers 2013-2014_1, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Sep 2013.
- Amar Iqbal Anwar & Mazhar Yaseen Mughal, 2012. "Motives to remit: some microeconomic evidence from Pakistan," Economics Bulletin, AccessEcon, vol. 32(1), pages 574-585.
- Farid MAKHLOUF, 2014. "Propriétés cycliques des transferts de fonds des migrants marocains," Working Papers 2013-2014_9, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Feb 2014.
- Ahmed, Junaid & Martinez-Zarzoso, Inmaculada, 2014. "What drives bilateral remittances to Pakistan? A gravity model approach," Center for European, Governance and Economic Development Research Discussion Papers 209, University of Goettingen, Department of Economics.
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