Human Capital Outflow and Economic Misery: Fresh Evidence for Pakistan

Amjad Ali, Nooreen Mujahid (), Yahya Rashid () and Muhammad Shahbaz

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2015, vol. 124, issue 3, 747-764

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 innovation 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. Copyright Springer Science+Business Media Dordrecht 2015

Keywords: Economic misery; Human capital outflow; Pakistan (search for similar items in EconPapers)
Date: 2015
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Working Paper: Human Capital Outflow and Economic Misery:Fresh Evidence for Pakistan (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:124:y:2015:i:3:p:747-764

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DOI: 10.1007/s11205-014-0821-5

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