Human Capital Outflow and Economic Misery:Fresh Evidence for Pakistan

Amjad Ali, Noreen Mujahid, Yahya Rashid and Muhammad Shahbaz

MPRA Paper from University Library of Munich, Germany

Abstract: This paper visits the impact of economic misery on human capital outflow using time series data over the period of 1975-2012. We have applied the combined cointegration tests and innovative accounting approach to examine long run and causal relationship between the variables. Our results affirm the presence of cointegration between the variables. We find that economic misery increases human capital outflow. Foreign remittances add in human capital outflow from Pakistan. The migration from Pakistan to rest of world is boosted by depreciation in local currency. Income inequality is also a major contributor to human capital outflow. The present study is comprehensive effort and may provide new insights to policy makers for handling the issue of human capital outflow by controlling economic misery in Pakistan.

Keywords: Economic misery; human capital outflow; Pakistan (search for similar items in EconPapers)
JEL-codes: C0 (search for similar items in EconPapers)
Date: 2014-07-27, Revised 2014-07-30
New Economics Papers: this item is included in nep-gro, nep-hrm and nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Human Capital Outflow and Economic Misery: Fresh Evidence for Pakistan (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57678

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