Open AccessThe Impact of Workers’ Remittances on Private Investment and Total Consumption in Pakistan
Author(s) -
Kausar Yasmeen,
Ambreen Anjum,
Kashifa Yasmeen,
Sidra Twakal
Publication year - 2011
Publication title -
international journal of accounting and financial reporting
Language(s) - English
Resource type - Journals
ISSN - 2162-3082
DOI - 10.5296/ijafr.v1i1.949
Subject(s) - remittance , consumption (sociology) , investment (military) , developing country , economics , ordinary least squares , work (physics) , regression analysis , private consumption , demographic economics , labour economics , economic growth , monetary economics , fiscal policy , political science , econometrics , mechanical engineering , social science , engineering , machine learning , sociology , politics , computer science , law
To check the two Objectives of the study one exploring the impact of work remittance on economic growth and second is Impact of work remittance on private investment and total consumption, 25 years’ time series data collected from the Economic survey of Pakistan for the time 1984-2009. The methodology used for the analysis, is Regression model so for regression we have used OLS (ordinary least square model).the work remittance has positively related with the Private investment and total consumption which results increase in GDP and economic growth of Pakistan. This research favor the study of Burki (1991),Ahmad(1986), Charless (1989) Adam(1998) and Darry (2005) this research may be helpful for other low income countries, they can analysis the Workers’ remittances impact on Private investment and Total consumption of their countries to encourage the workers remittance. Developing countries may request to developed countries to soft police for work remittance in favor of their countries. This might boost their TC and PI which boost up the economy.