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

August 1, 2011

Preview Citation

Format: Chicago

Yan M Sun, and Udo Kock. Remittances in Pakistan: Why have they gone up, and why Aren't they coming down?, (USA: International Monetary Fund, 2011) accessed September 18, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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' 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 imporant determinants of remittances to Pakistan are agriculture output and the relative yield on investments in the host and home countries.

Subject: Balance of payments, Labor, Migrant labor, Migration, National accounts, Outward remittances, Population and demographics, Remittances, Return on investment

Keywords: Global, Home country affect remittance decision, Migrant labor, Migration, Oil import, Outward remittances, Pakistan, Remittance, Remittance behavior, Remittance pattern, Remittance theory, Remittances, Remittances build, Return on investment, Worker, Worker migration, Workers Remittances, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2011/200
Stock No:

WPIEA2011200
ISBN:

9781462303236
ISSN:

1018-5941

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