Open AccessEFFECTS OF REMITTANCES ON PER CAPITA ECONOMIC GROWTH OF PAKISTAN
Author(s) -
Khalil Jebran,
Abdullah Abdullah,
Amjad Iqbal,
Irfan Ullah
Publication year - 2016
Publication title -
pakistan business review
Language(s) - English
Resource type - Journals
eISSN - 2521-005X
pISSN - 1561-8706
DOI - 10.22555/pbr.v18i1.673
Subject(s) - distributed lag , economics , per capita , short run , government (linguistics) , monetary economics , macroeconomics , development economics , econometrics , sociology , linguistics , philosophy , demography , population
This study investigates the effects of remittances on per capita economic growth of Pakistan for the period 1976 to 2013. The Auto Regressive Distributed Lag (ARDL) Bounds testing model was employed to explore short run and long run liaison of remittances with per capita economic growth. The analyses evidence statistically significant positive long run and short run impacts of remittances on per capita economic growth. Based upon the empirical results, this study suggests that government should formulate and adopt policies which can further motivate and enhance remittances inflow, and hence a more promising economic growth.
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