Economic Impact of Remittances: Does it matter how they are sent?

Rashid Amjad and Rizwana Siddiqui (rizwana_s99@yahoo.com)

MPRA Paper from University Library of Munich, Germany

Abstract: Economic Impact of Remittances: Does it matter how they are sent? Rashid Amjad and Rizwana Siddiqui ABSTRACT Remittances by the Pakistani diaspora abroad have had a far reaching impact on the economy and indeed the broader socio-economic milieu. Studies on the impact of remittances have not differentiated between the impact of flow of remittances through formal and informal channels. The question posed in this paper is whether remittances through informal channels have a greater impact on domestic consumption and identifies conditions under which this impact is greater when sent through formal channel.

Keywords: Remittances; Formal and Informal channels; Economic impact (search for similar items in EconPapers)
JEL-codes: F22 F24 (search for similar items in EconPapers)
Date: 2014, Revised 2017
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