This study investigates the dynamic causality link between global geopolitical risk and its two subindices and international remittance inflows in the Philippines, using monthly data from January 1989 to December 2022. We employ a Granger-causality in quantiles approach and find that higher variations (either positive or negative) in global geopolitical risk and its two subindices significantly Granger cause changes in remittances, implying that global geopolitical risk and its two subindices offer applicable value for predicting remittance inflows to the Philippines.
机构:
United Arab Emirates Univ, Dept Innovat Govt & Soc, POB 15551, Al Ain, U Arab EmiratesUnited Arab Emirates Univ, Dept Innovat Govt & Soc, POB 15551, Al Ain, U Arab Emirates
机构:
Ho Chi Minh City Open Univ Vietnam, Res Ctr Business Econ & Resources, 97 Vo Tan St,Dist 3, Ho Chi Minh City, VietnamHo Chi Minh City Open Univ Vietnam, Res Ctr Business Econ & Resources, 97 Vo Tan St,Dist 3, Ho Chi Minh City, Vietnam