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- W3122245544 abstract "Using annual data over 1966-2014 from the Citizenship and Immigration statistics archives of Canada, we investigate how the funds brought into Canada by immigrants, affects the real effective exchange rate (REER) of Canada. We employ the ARDL bounds testing (Pesaran, Shin and Smith, 1999) and Dynamic OLS (Stock and Watson, 1993) approaches to cointegration. Both estimation methods indicate a long run relation between immigrants’ funds and exchange rate with immigrants' funds leading to a significant appreciation of the exchange rate in Canada. These results are robust to different estimation methods and an alternative proxy measure for the funds brought into Canada by immigrants." @default.
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- W3122245544 date "2017-01-01" @default.
- W3122245544 modified "2023-09-27" @default.
- W3122245544 title "Do immigrants’ funds affect the exchange rate?" @default.
- W3122245544 hasPublicationYear "2017" @default.
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