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Remittances in Pakistan : why have they gone up, and why aren't they coming down?

Author: Udo Kock; Yan Sun; International Monetary Fund. Middle East and Central Asia Department,
Publisher: [Washington, D.C.] : International Monetary Fund, ©2011.
Series: IMF working paper, WP/11/200.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of slowing down, despite the economic downturn in the Gulf Cooperation Council (GCC) and other important host countries for Pakistani workers. This paper analyses the forces that have driven remittance flows to Pakistan in recent years. The main conclusions are: (i) the growth in the inflow of workers'  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Sun, Yan.
Remittances in Pakistan - Why have they gone up, and why aren't they coming down?
Washington : International Monetary Fund, ©2011
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Udo Kock; Yan Sun; International Monetary Fund. Middle East and Central Asia Department,
ISBN: 128356775X 9781283567756 9781463901639 1463901631
OCLC Number: 752303638
Notes: At head of title: Middle East and Central Asia Department.
Title from PDF title page (IMF Web site, viewed September 13, 2011).
"August 2011."
Description: 1 online resource (27 pages) : illustrations.
Contents: Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Stylized Facts; 1. Pakistan: Total Remittances, 1976-2008; 2. Pakistan: Remittances by Host Country, 2004/05-2008/09; 3. Remittances in Selected Low- and Middle-Income Countries, 2008; 4. Pakistan: Remittances by Host Country, 2008/09; 5. Pakistan: Labor Migration Indices by Host Country, January 2007-June 2009; 6. Remittances and Worker Migration, 1997-2008; 7. Pakistan: Labor Migration by Skill Level, January 1981-June 2009; 8. Remittances and Worker Migration, January 2007-June 2009; III. Empirical Study. A. Existing Empirical Studies and Our ModelB. Estimation Results; 1. Volatility of Remittances and Other Balance of Payments Flows; 2. Regression Results-OLS Approach; 3. Regression Results-Bayesian Approach; IV. Concluding Remarks; I. Data Sources and Explanatory Notes; II. Overview of Regression Variables; References; Footnotes.
Series Title: IMF working paper, WP/11/200.
Responsibility: Udo Kock and Yan Sun.

Abstract:

The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of slowing down, despite the economic downturn in the Gulf Cooperation Council (GCC) and other important host countries for Pakistani workers. This paper analyses the forces that have driven remittance flows to Pakistan in recent years. The main conclusions are: (i) the growth in the inflow of workers' remittances to Pakistan is in large part due to an increase in worker migration; (ii) higher skill levels of migrating workers have helped to boost remittances; (iii) other important determinants of remittances to Pakistan are agriculture output and the relative yield on investments in the host and home countries.

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