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Overseas Labour Migration, Remittances, International Trade and Economic Growth Nexus in Pakistan

Mehak Ejaz, Muhammad Ramzan Sheikh, Rana Zafar Hayat and Neelam Asghar Ali
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Muhammad Ramzan Sheikh: Associate Professor, School of Economics, Bahauddin Zakariya University, Multan, Pakistan
Rana Zafar Hayat: Lecturer in Economics, Department of Economics, Government Civil Lines College, Multan, Pakistan
Neelam Asghar Ali: Visiting Lecturer, School of Economics, Bahauddin Zakariya University, Multan, Pakistan

Journal of Policy Research (JPR), 2022, vol. 8, issue 3, 166-175

Abstract: Foreign remittances are a source of capital inflows from foreign workers to their families or other individuals in their home countries. In many countries, remittances constitute a significant portion of a nation’s economic growth. The study evaluates the effect of remittances, overseas migration, and international trade on the economic growth of Pakistan by using the ARDL technique. Data for this study have been taken from 1972 to 2020. The results indicate that labour migration, employment, remittances, and trade have a positive and significant influence on economic growth. The study suggests that households may utilize remittances in productive ways and government may devise such policies that enhance trade.

Keywords: Overseas Labour Migration; Remittances; International Trade; Economic Growth (search for similar items in EconPapers)
Date: 2022
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Handle: RePEc:rfh:jprjor:v:8:y:2022:i:3:p:166-175