Rahman, Matiur; Foshee, Andrew; Mustafa, Muhammad - In: Journal of Developing Areas 47 (2013) 1, pp. 63-74
This paper studies the long-run and short-run dynamics between emigrants’ nominal inbound remittances in U.S. dollar … implementation of standard cointegration methodology. Empirically, both variables are found nonstationary in levels with I(1 … changes of remittances in the long run as compared to the converse. Significant short-run interactive net positive feedback …