Impact of Worker Remittances on Economic Growth of Pakistan: Analysis of Pakistan s Economy

Shafqat, Muhammad Mobeen; Ahmad, A.; Bano, Sadia

doi:10.20491/isader.2014215950

Cited by 7 publications

(5 citation statements)

References 15 publications

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“…The results also do not agree with Shafqat et al (2014) found that there is a positive relationship between the worker's remittances of expatriate workers and economic growth in Pakistan, and does not agree with a study by Kratou & Gazdar (2014), found that there is a positive impact for worker's remittances on the economic growth in MENA countries for the long-term, also with Kundu et al (2012), found that there is a positive relationship between expatriate workers' remittances with the economic growth in Bangladesh that does not agree with the result of this research.…”

Section: Jordanian Migrant Worker's Remittances (Jmwr)mentioning

confidence: 84%

“…The results showed that there is a positive impact for foreign direct investment that effect on the local investment in 36 countries in the second period rather than the first period, also it helped these countries to improve their economy in the second period, due to the effectiveness of policies and initiatives adopted by the African Union, which contributed to increase the attraction of investment inside. A study by Shafqat et al (2014) investigated the impact of migrant workers remittances in the economic growth in Pakistan by using time series data from (1991 -2010). The dependent variable which used in the study is the natural log of GDP per capita (GROWTHi), and for the independent variables are; worker remittances that received to the country (WORREMi), ratio of money (FINDEVi), household consumption expenditure (CONSUMi), ratio of gross domestic savings (SAVINGi), and current account balance (CABALi) where this study analyzed the effect of the five independent variables and their impact on the dependent variable.…”

Section: Literature Review Conceptual Backgroundmentioning

confidence: 99%

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The impact of external funding flow on Jordan’s GDP (1997-2017)

Mashal¹,

Ahmed²,

Nasrawi³

et al. 2021

IJRBS

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The main objective of this study is to investigate the impact of external funding flow on Jordan’s GDP (1997 – 2017) focusing on variables such as; grants (GR), soft loans (LN), foreign direct investment (FDI), and the Jordanian migrant worker's remittances (JMWR) on Jordan's GDP which represent the dependent variable through using the E -Views statistical program and multiple regressions analysis. Previous studies showed the significant and non-significant impacts of the flow of external funding on the economy. In this study the researchers analyzed the impact of external funding flow on Jordan's GDP for the period (1997-2017) and found that grants (GR) and foreign direct investment (FDI) have a statistically significant impact on Jordan's GDP; in contrast, soft loans (LN) and the Jordanian migrant’s worker’s remittances (JMWR) have no statistically significant impact on Jordan's GDP for the same period. This study filled the gap and expanded the analysis to test whether there is an impact of grants independently of the soft loans on Jordan’s GDP and vice versa, in addition, the study investigated the impact of other variables such as; foreign direct investment (FDI), and the Jordanian migrant worker's remittances (JMWR).

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Section: Jordanian Migrant Worker's Remittances (Jmwr)mentioning

confidence: 84%

Section: Literature Review Conceptual Backgroundmentioning

confidence: 99%

The impact of external funding flow on Jordan’s GDP (1997-2017)

Mashal¹,

Ahmed²,

Nasrawi³

et al. 2021

IJRBS

View full text Add to dashboard Cite

show abstract

“…Khathlan (2012) The results showed a positive and significant relationship between worker remittances and economic growth in both the long-run and the short-run. Shafqat et al(2014) The finding of the research indicated that foreign remittances are the famous mean of economic growth and have significant positive relationship with each other.…”

Section: Studymentioning

confidence: 92%

Remittance Status and Contribution to GDP of Nepal

Ojha¹

2019

NCC Jnl

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The research paper aims to analyze the status of remittance and its contribution to GDP of Nepal. The study has adopted the descriptive and analytical research design. The study is quantitative in nature. Most of the developing countries like Nepal depend on remittance as the major source of foreign currency earning. Remittance plays an important role in economic development of a country. Nepal has also long history of international labor migration about 200 years ago Nepali migrant laborers are contributing substantial amount as remittance inflows through legal channel which has positive impact on GDP, per-capita income, Capital formation, education etc. The volume of remittance is much more than the records because, migrants are using illegal ways due to ignorance and difficulty in receiving amount from legal ways.

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“…The review suggested that policy initiatives are essential to maximize the benefits of remittances. The analysis revealed that remittances had significant positive contribution to the economic growth of Pakistan (Qayyum et al, 2008;Shafqat et al, 2014).…”

Section: Review Of Literaturementioning

confidence: 98%

A Proposal for Capitalization of Remittances in Nepal

Gautam

2021

Economic Journal of Nepal

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Inflow of personal remittances has exceeded 20 percent of the gross domestic product (GDP) of Nepal for several years. Compared to foreign direct investment (FDI) or foreign aid (grants & loans), the money injected to the economy of Nepal through remittances is markedly larger. Huge investment in the real estate sector and large sums of money applied for share subscription indicate the need and opportunities of channelizing remittances in the infrastructure development and productive sector. However, most studies on remittances are focused on the ex-post analysis of the economy and few studies focus on the planning and policy issues aimed to utilize remittances. This paper reviews literature on utilizing remittance money and analyzes the prospects of capitalizing remittances in Nepal. A conceptual model is proposed on utilizing remittance money for infrastructure development. The proposed model of a remittance investment trust aims to synergize the three best attributes of the three domains of stakeholders, namely, abundant remittance money of the people, excellent management skills of the private sector, and the superior public trust to the government. Remittance money can serve as a great investment vehicle for executing properly investigated and attractive infrastructure projects. As estimated for Lumbini province, the remittance investment trust may contribute to fulfill 20% of the deficit of investment towards achieving the sustainable development goals. While the model is proposed for a province, it is expected to be replicable to the national and sub-national governments in Nepal.

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Impact of Worker Remittances on Economic Growth of Pakistan: Analysis of Pakistan s Economy

Cited by 7 publications

References 15 publications

The impact of external funding flow on Jordan’s GDP (1997-2017)

The impact of external funding flow on Jordan’s GDP (1997-2017)

Remittance Status and Contribution to GDP of Nepal

A Proposal for Capitalization of Remittances in Nepal

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