MAKHLOUF, FARID; MUGHAL, MAZHAR - In: Journal of Economic Development 38 (2013) 2, pp. 67-97
The paper studies symptoms of Dutch disease in the Pakistani economy arising from international remittances. An IV Bayesian analysis is carried out to take care of the endogeneity and uncertainty due to the managed float of Pakistani Rupee. We find evidence for both spending and resource...