Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126572
Authors: 
Ahmed, Junaid
Martínez-Zarzoso, Inmaculada
Year of Publication: 
2016
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 10 [Issue:] 2016-4 [Pages:] 1-36
Abstract: 
Using bilateral data on remittance flows to Pakistan for 23 major host countries, this is the first study that examines the effect of transaction costs on foreign remittances. The authors find that the effect of transaction costs on remittance flows is negative and significant; suggesting that a high cost will either refrain migrants from sending money back home or make them remit through informal channels. They also find that remittances are facilitated by the existence of migrant networks and improvements in home and host country financial services. Distance, which has been used in previous studies as an indicator of the cost of remitting, is found to be a poor proxy.
Subjects: 
remittances
geographical distance
transaction cost
financial services
Pakistan
JEL: 
F22
F30
O11
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Article

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