Remittances in Pakistan - Why Have They Gone Up, and Why Aren’T They Coming Down?

27 Pages Posted: 27 Aug 2011

See all articles by Udo Kock

Udo Kock

International Monetary Fund (IMF)

Yan Sun

International Monetary Fund (IMF) - Western Hemisphere Department

Date Written: August 2011

Abstract

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.

Keywords: Capital inflows, Cross country analysis, Migration, Pakistan, Workers remittances

Suggested Citation

Kock, Udo and Sun, Yan, Remittances in Pakistan - Why Have They Gone Up, and Why Aren’T They Coming Down? (August 2011). IMF Working Papers, Vol. , pp. 1-26, 2011. Available at SSRN: https://ssrn.com/abstract=1917921

Udo Kock (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6299 (Phone)

Yan Sun

International Monetary Fund (IMF) - Western Hemisphere Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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