mughal, Mazhar Yasin; Makhlouf, Farid - In: Economics Bulletin 31 (2011) 1, pp. 605-612
This paper examines the volatility of remittance flows to Pakistan using the ARCH model. We find overall remittances to … 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 …