AUTHOR(S):

Syed Jawad Hussain Shahzad, Faisal Abbas, Sajid Ali, Syed Ali Raza

TITLE

Explosiveness in Foreign Remittance Inflow to Pakistan

ABSTRACT

Foreign remittance inflow to Pakistan is mounting erratically upward from almost a decade and half at a pace never seen historically. We examine the explosiveness in remittance inflow to Pakistan from July 1972 to July 2016 and from various source (host) countries. We use a rolling-window based augmented Dickey–Fuller unit root test and find that periods of abrupt remittance inflow match with the important historical events occurring in the country and internationally. Overall, we put forward conceptually the new notion of temporary explosiveness in the remittance inflow.

KEYWORDS

Remittance, explosiveness, rolling window unit root, unforeseen events

Cite this paper

Syed Jawad Hussain Shahzad, Faisal Abbas, Sajid Ali, Syed Ali Raza. (2019) Explosiveness in Foreign Remittance Inflow to Pakistan. International Journal of Economics and Management Systems, 4, 251-258

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This article is published under the terms of the Creative Commons Attribution License 4.0