Do Workers’ Remittances Boost Human Capital Development?

Azam, Muhammad; Raza, Syed Ali

doi:10.30541/v55i2pp.123-149

Cited by 25 publications

(19 citation statements)

References 17 publications

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“…Another possible reason for not participating would be its diversion toward human capital development. Azam and Raza () have reported considerable diversion of works’ remittances of Pakistan towards human capital development, and concluded significant positive effect of remittances on human capital development . Similarly, the diversion of domestic savings towards the real sector also contains remittance income from participation in capital formation.…”

Section: Resultsmentioning

confidence: 99%

“…Cooray () investigated and found significant positive effect of workers’ remittances on domestic economic growth in South Asia through education and financial sector development. Azam and Raza () noted diversion towards human development and found a significant positive effect. In a cross‐country analysis Siddique et al () explored the nexus between the workers’ remittances and economic growth in India, Bangladesh, and Sri Lanka by using Granger causality analysis and vector autoregressive modelling analysis.…”

Section: Survey Of Literaturementioning

confidence: 98%

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Workers’ Remittances and Domestic Investment in South Asia: A Comparative Econometric Inquiry

Abbas

2019

International Migration

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This study explores the effect of workers’ remittances on domestic investment in four selected South Asian countries: Bangladesh, India, Pakistan, and Sri Lanka, using contemporary time series estimation techniques from 1980 to 2017. The estimated results of the ARDL bounds approach to cointegration analysis have revealed that among selected South Asian countries, Pakistan has witnessed a significant negative effect in the long run. Similarly, the findings of other forms of capital flows also revealed varying effects across the countries considered. This study urges the transformation of aggregate economic behaviour from consumption to the production side, by adopting policies that would encourage domestic saving and investment activities. In this regard, among others, reduction in the interest rate and the interest rate spread would be beneficial. It urges the identification of factors that conditions varying effect of workers’ remittances and other capital inflows to mitigate negative effects into positive.

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Section: Resultsmentioning

confidence: 99%

Section: Survey Of Literaturementioning

confidence: 98%

Workers’ Remittances and Domestic Investment in South Asia: A Comparative Econometric Inquiry

Abbas

2019

International Migration

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“…[Attanasio et al, (2017)]. It is found that if the remittances received by the household increase by one unit, it will lead to an increase in the human capital index or human capital by 0.544 units, significant statistically at a 10 percent significance level [Azam and Raza (2016)]. If the per capita income of the household increases by one percent, the human capital index or human capital of the household will increase by 0.876 units.…”

Section: Empirical Findingsmentioning

confidence: 99%

Factors Affecting Human Capital in Southern Punjab: An Empirical Analysis

Shah

Chaudhry

Farooq

2021

REAL

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Analyzing the factors affecting human capital at household level increases the productivity of people living in developing countries. A primary data was collected through a household survey to study the factors affecting human capital in Southern Punjab using Ordinary Least Squares (OLS) regression technique. The findings show that the location of the household in rural areas, occupation of the household head in the primary sector, household size, household poverty and female/male ratio shows significant and negatively affecting the human capital of the households in Southern Punjab. Moreover, per capita income, number of earners in the household, remittances are significant and positively affecting the human capital of the households in Southern Punjab. The annual budget allocation for education in Pakistan is very low, so Government should allocate a significant amount of funds to the education sector.

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“…Results obtained in this study indicate that remittances raise per capita health expenditures and reduce undernourishment prevalence, depth of food deficit, prevalence of stunting, and child mortality rate. Azam and Raza (2016) suggested that the strong economic governance system strengthens the association between workers' remittances and human capital during the aforementioned time period. Huay, Winterton, Bani, and Matemilola (2019) revealed that the effect of remittances is statistically significant with positive coefficients in developing countries.…”

Section: Review Of Literaturementioning

confidence: 99%