Do Migrant Remittances React to Bouts of Terrorism?

Defence and Peace Economics, Forthcoming

20 Pages Posted: 10 Jul 2014

See all articles by Mazhar Mughal

Mazhar Mughal

Pau Business School; Economics Department, University of Pau

Amar Anwar

Cape Breton University - Shannon School of Business

Date Written: February 9, 2014

Abstract

This paper examines the short-run behaviour of migrant remittances in the face of terrorism. Using monthly data for post 9/11 terrorist attacks in Pakistan, the study finds evidence of increase in the volume of remittances sent from abroad. This increase is evident in the aggregate, as well as for the three main source regions of North America, the Persian Gulf and Europe. The positive association holds for all the top five migrant-hosting countries of Pakistan. The findings point in favour of an altruistic behaviour of migrant remittances at the macroeconomic level.

Keywords: Remittances, Terrorism, Pakistan, 9/11

JEL Classification: D74, F51, O5

Suggested Citation

Mughal, Mazhar and Anwar, Amar, Do Migrant Remittances React to Bouts of Terrorism? (February 9, 2014). Defence and Peace Economics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2450386

Mazhar Mughal

Pau Business School ( email )

Academic field, Avenue du Doyen Poplawski
Pau, 64012
France

Economics Department, University of Pau ( email )

Avenue du Doyen Poplawski
64000 Pau
France

Amar Anwar (Contact Author)

Cape Breton University - Shannon School of Business ( email )

P.O.Box 5300, 1250 Grand Lake Road
Sydney, Nova Scotia B1P 6L2
Canada
9025631883 (Phone)

HOME PAGE: http://www.cbu.ca/profiles/amar-anwar

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