The Link between Remittances and Economic Growth in Pakistan: A Boon to Economic Stability
Journal of Economics, Management and Trade · pp. 167–185 · Published 6 Aug 2012
10.9734/BJEMT/2012/1426Abstract
This paper adopted the autoregressive distributed lag (ARDL) test and the error correction model (ECM) techniques to establish the long-run and short -run relationship between worker remittances and economic growth in Pakistan during the period 1976-2010. The results demonstrate the existence of a positive and significant relationship between worker remittances and economic growth in the long-run and short-run in that country. Worker remittances act as an important source of foreign capital, while a significant component of BOP serves as a boon to the economy. The gross fixed capital formation has a positive and significant impact on economic growth in the short run. The negative role in the long run in the presence of such financial flows shows the inappropriateness of policy measures aimed at boosting real sectors of the economy. FDI has a positive and significant impact on economic growth in the short run and long run.
Cited by 36
A. Khurshid, Ke-Dong Yin, A. C. Călin · 2017
R. Razali, C. G. Arokiadasan, Roslinah Mahmud · 2016
J. Iqbal, Misbah Nosheen · 2014
Muhammad Salman Ahmad, Elżbieta Izabela Szczepankiewicz, Dai Yonghong · Energies · 2022
Dilina Nepal, Maheshwor Adhikari · Journal Of Third World Economics · 2024
Fawad Hussain Paul, Ramzan Soomro, Muhammed Arif · RADS Journal of Business Management · 2020
Related research
- ARIMA Model for Gross Domestic Product (GDP): Evidence from Nigeria — shares topic coverage
- Modelling the Effect of Macro-economic Variables on Pension Contribution in Nigeria — shares topic coverage
- The Export Led-Growth and FDI Led-Growth Nexus in Malaysia: Evidence from ARDL Analysis — shares topic coverage
- Contribution of Goods and Services Tax (GST) Revenue: India’s March towards $5 Trillion Economy — shares topic coverage
- Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
36
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.