The Impacts of Remittances on Foreign Reserves of Pakistan: Does Pakistan Suffer from Dutch Disease?
Gilal Ashfaque Ali,
Nor Asmat Ismail
Abstract:Dwindling and oscillating foreign exchange reserves in Pakistan despite huge inflows in the form of remittances, exports earnings, foreign direct investment and foreign aid has been vexatious for researchers and policy makers. Thus, the main objective of this study is to investigate the impacts of remittances and other foreign financial flows over the foreign exchange reserves of Pakistan. For this purpose, the time series data from 1976 to 2022 taken from WDI has been analyzed by applying ARDL bound test. The… Show more
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