INVESTIGATING THE RELATIONSHIP BETWEEN MIGRATION AND ECONOMIC DEVELOPMENT

Basharat Rehman, Ahmad Raza, Mehreen Fatima, Zhen Wang, Saba Javed and Usman Aslam
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Basharat Rehman: China University of Petroleum Beijing, China
Ahmad Raza: Student of M.phil Economic, University of Agriculture Faisalabad, Pakistan
Mehreen Fatima: PhD Scholar, University of Peshawar, KPK, Pakistan
Zhen Wang: Professor, Academy of Chinese Energy Strategy, China University of petroleum Beijing China
Saba Javed: Institute of Agriculture and Resource Economics, University of Agriculture Faisalabad, Pakistan
Usman Aslam: BBA, Bachelor of Business Administration, Post Graduation college of commerce, Affiliation: University of Punjab, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 133-141

Abstract: This comprehensive study explores the intricate relationship between migration and development economics across a diverse sample of 100 countries over a ten-year period from 2010 to 2020. Our analysis reveals compelling insights into how migration patterns impact economic development and human well-being. We find robust support for the hypothesis that higher migration rates are associated with greater economic prosperity, as measured by GDP per capita. Additionally, remittances play a pivotal role, demonstrating a significant positive relationship with both GDP per capita and the Human Development Index (HDI). Furthermore, education levels emerge as a key determinant, influencing migration rates and contributing to enhanced economic development. The study also unveils the moderating effects of political stability and infrastructure quality on the migration-development relationship. Robustness checks and sensitivity analyses confirm the reliability of our findings. These results hold significant implications for policymakers offering guidance for formulating context-aware strategies that harness the benefits of migration while addressing associated challenges. This research contributes to a nuanced understanding of the global interplay between migration and development facilitating informed decision-making in an evolving world landscape.

Keywords: Migration; Development Economics; Remittances (search for similar items in EconPapers)
Date: 2023
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