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

Author

Listed:
  • Mehak Ejaz

    (M.Phil. Economics, Department of Economics, National College of Business Administration & Economics, Multan, Punjab, Pakistan)

  • 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)

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.

Suggested Citation

  • Mehak Ejaz & Muhammad Ramzan Sheikh & Rana Zafar Hayat & Neelam Asghar Ali, 2022. "Overseas Labour Migration, Remittances, International Trade and Economic Growth Nexus in Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 166-175, September.
    • Handle: RePEc:rfh:jprjor:v:8:y:2022:i:3:p:166-175
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    References listed on IDEAS

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