The Impact of Workers' Remittances on Economic Development of Pakistan

Ahmad, Maqsood; Ilyas, Muhammad; Rehman, Chaudhary Abdul

doi:10.12816/0036842

Cited by 3 publications

(1 citation statement)

References 3 publications

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“…Worker's remittances and GDP growth in Pakistan over the period 1973-2011 are examined by Hussain and Anjum [19] and the empirical result shows the positive and significant relationship between remittances and GDP growth. Similarly, Ahmad et al [2] assembled the data over the period 1980-2010 in Pakistan where a strong positive association between workers remittances and per capita GDP is found.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka

Sutradhar

2020

IJEPS

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This paper investigates the impact of workers' remittances on economic growth of four South Asian emerging countries by employing balanced panel data from 1977 to 2016. Pooled OLS, fixed effects, random effects and dummy variable interaction models are used to estimate the impact of remittances. The empirical regression analysis confirms a negative effect of remittances on economic growth in Bangladesh, Pakistan and Sri Lanka. Conversely, remittances have a positive impact on economic growth in India. This study also indicates a joint significant and negative relationship between remittances and economic growth in four countries.

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Section: Literature Reviewmentioning

confidence: 99%

The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka

Sutradhar

2020

IJEPS

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Tourism, Remittances, and Foreign Investment as Determinants of Economic Growth: Empirical Evidence from Selected Asian Economies

et al. 2023

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This research discovers how international tourism affects the economic growth of selected Asian states, e.g., Bangladesh, China, India, Pakistan, and Sri Lanka, throughout 2001–2019. To attain this objective, we have employed various regression estimation approaches, e.g., Fixed Effect Model (FEM) and Fully Modified Ordinary Least Square (FMOLS) technique. The statistical results of the applied techniques reveal that international tourism activities have a positive and significant effect on the GDP growth rate because such kinds of activities considerably contribute to creating opportunities that lead to hoist economic activities and economic growth. Moreover, an influx of tourism increases tourism activities and operations, which opens further doors to opportunities and generates revenue for the government. Similarly, the GDP per capita has been positively and significantly influenced by international tourism activities. The government and host country should emphasize the activities and operations regarding tourism and should also concentrate on the dynamic role, importance, and sensitivity of tourism operations in under-analyzed economies. This research brings a new arrangement of the variable, which has never been considered in prior literature.

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Effect of Remittance Inflow on Economic Growth of Nigeria

Omoniyi,

Owoeye

2024

JATSS

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This study examined the effect of remittance inflow on economic growth of Nigeria. The study specifically analyzed the short run and long run of personal remittance inflow on annual growth rate of gross domestic product of Nigeria. The study focused on Nigeria over the period of 41 years spanning from 1981 to 2021.This study employed secondary time series data obtained from World development Index and Central Bank of Nigeria statistical bulletin. Data collated were analyzed by correlation analysis and unit root test, co-integration test, and Error correction model estimation. Result showed that on the short run remittance inflow exert insignificant negative effect on GDP growth of Nigeria (-0.337970, p > 0.05), while on the long remittance inflow exerts significant positive effect on GDP growth rate (1.973835, p < 0.05). This study established that inflow of personal remittance on the short run might be detrimental to the level of economic growth Nigeria if not channeled to productive engagement by recipients in the home country. Meanwhile on the long run, when the inflow rises consistently, the tendency to boost the level of economic growth is Nigeria is high and significant. Hence this study recommends the need for policies and programs as well as appropriate system reforms that encourage utilization of remittance for productive purposes. In addition there is need to put in place structure that will checkmate the rate of brain drain in the country, so as not to trade our quality human capital just for funds flow that might not necessarily be channeled equitably for productive activities in the short and intermediate term.

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The Impact of Workers' Remittances on Economic Development of Pakistan

Cited by 3 publications

References 3 publications

The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka

The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka

Tourism, Remittances, and Foreign Investment as Determinants of Economic Growth: Empirical Evidence from Selected Asian Economies

Effect of Remittance Inflow on Economic Growth of Nigeria

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