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

Authors

  • Ejaz Mehak M.Phil. Economics, Department of Economics, National College of Business Administration & Economics, Multan, Punjab, Pakistan Author
  • Sheikh Muhammad Ramzan Corresponding Author: Associate Professor, School of Economics, Bahauddin Zakariya University, Pakistan, Email: ramzansheikh@bzu.edu.pk Author
  • Hayat Rana Zafar Lecturer in Economics, Department of Economics, Government Civil Lines College, Multan, Pakistan Author
  • Ali Neelam Asghar Visiting Lecturer, School of Economics, Bahauddin Zakariya University, Multan, Pakistan Author

Keywords:

Overseas Labour Migration, Remittances, International Trade, Economic Growth

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.

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Published

2022-09-15

Issue

Vol. 8 No. 3 (2022)

Section

Articles