Do Remittances Impact Human Development in Developing Countries? A Panel Analysis of Selected Countries

Abstract

Remittances are the part of migrant workers and essentially cash exchanges earned abroad and sent to their families. Worker remittances are an important part of international capital flows. The volume of remittances increments in developing countries day by day and season through season. Remittances are the backbone of developing economies. We have used annual cross-section data from the period 2014 from 100 developing countries including Afghanistan, Pakistan, Turkey, Bangladesh, Iraq, and China. Results show that there is a positive and insignificant relationship between remittances and human development in each of the selected developing countries.