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DOI10.1111/twec.13586
'From aspirations for climate action to the reality of climate disasters': Can remittances play key role in disaster response?
发表日期2024
ISSN0378-5920
EISSN1467-9701
英文摘要Climate change and extreme weather events have led to a surge in natural hazards in Pakistan that have escalated into humanitarian disasters. While remittances are often central to the livelihood of the most vulnerable, research has produced limited knowledge regarding the role of remittances in time of disaster. This paper investigates the reaction of Pakistani migrants to five major natural disasters via remittances from 1972 to 2023. Using an event-study methodology, the paper compares the responses of remittances in different host countries namely Gulf Cooperation Council (GCC), Europe & the UK and North America. We provide evidence that remittances intensify in response to climate-induced disasters, thus representing a reactive mechanism in time of hardship. The response is significant two (one) months after the events for GCC (Europe & the UK and North America) and tends to dissipate 5 months from the disaster occurrence (except for GCC). The intensity and the persistence of remittances' responsiveness (abnormal returns and volatility) depends on the nature of disasters, host countries' features and the economic conditions of migrants. Our findings highlight the need for further understanding the role of remittances as a coping mechanism in the face of environmental hazards to better inform policies geared toward disaster risk reduction.
英文关键词abnormal returns; event study methodology; natural disasters; Pakistan; remittances; volatility
语种英语
WOS研究方向Business & Economics ; International Relations
WOS类目Business, Finance ; Economics ; International Relations
WOS记录号WOS:001228239600001
来源期刊WORLD ECONOMY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/295151
推荐引用方式
GB/T 7714
. 'From aspirations for climate action to the reality of climate disasters': Can remittances play key role in disaster response?[J],2024.
APA (2024).'From aspirations for climate action to the reality of climate disasters': Can remittances play key role in disaster response?.WORLD ECONOMY.
MLA "'From aspirations for climate action to the reality of climate disasters': Can remittances play key role in disaster response?".WORLD ECONOMY (2024).
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