The role of migrant workers remittances in fostering economic growth
Purpose– The purpose of this paper is to examine the macroeconomic impact of migrant workers’ remittances on economic growth in four developing Asian countries namely: Bangladesh, India, Pakistan and Sri Lanka.Design/methodology/approach – This study utilizes annual time series data over the period...
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| Format: | Article |
| Language: | English |
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Emerald Insight
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/18717/1/IJSE%20%2042%20%208%202015%20690-705.pdf |
| _version_ | 1825804076530532352 |
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| author | Azam, Muhammad |
| author_facet | Azam, Muhammad |
| author_sort | Azam, Muhammad |
| collection | UUM |
| description | Purpose– The purpose of this paper is to examine the macroeconomic impact of migrant workers’ remittances on economic growth in four developing Asian countries namely: Bangladesh, India, Pakistan and Sri Lanka.Design/methodology/approach
– This study utilizes annual time series data over the period 1976-2012 and the ordinary least squares as an analytical technique for parameters estimation.Findings– Empirical results support the existence of a significant positive relationship between migrant workers remittances and economic growth. The other control variables such as foreign direct investment, openness to trade and infrastructure are also found to be statistically significant with expected signs.Practical implications– The findings of this study are expected to guide policy makers in formulating the right and relevant policies through which migrant workers’ remittances can be made more productive and its benefits for both migrants and the country of origin are maximized. Consequently, it will foster economic growth and development. Originality/value – This paper provides some valuable evidences on the significance of migrant workers remittances as a source of economic growth.Moreover, the study differs from the erstwhile studies in terms of control variables, time period and method of estimation. Finally, the empirical results established are relatively robust. |
| first_indexed | 2024-07-04T06:08:28Z |
| format | Article |
| id | uum-18717 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:08:28Z |
| publishDate | 2015 |
| publisher | Emerald Insight |
| record_format | eprints |
| spelling | uum-187172016-10-03T09:09:22Z https://repo.uum.edu.my/id/eprint/18717/ The role of migrant workers remittances in fostering economic growth Azam, Muhammad HC Economic History and Conditions Purpose– The purpose of this paper is to examine the macroeconomic impact of migrant workers’ remittances on economic growth in four developing Asian countries namely: Bangladesh, India, Pakistan and Sri Lanka.Design/methodology/approach – This study utilizes annual time series data over the period 1976-2012 and the ordinary least squares as an analytical technique for parameters estimation.Findings– Empirical results support the existence of a significant positive relationship between migrant workers remittances and economic growth. The other control variables such as foreign direct investment, openness to trade and infrastructure are also found to be statistically significant with expected signs.Practical implications– The findings of this study are expected to guide policy makers in formulating the right and relevant policies through which migrant workers’ remittances can be made more productive and its benefits for both migrants and the country of origin are maximized. Consequently, it will foster economic growth and development. Originality/value – This paper provides some valuable evidences on the significance of migrant workers remittances as a source of economic growth.Moreover, the study differs from the erstwhile studies in terms of control variables, time period and method of estimation. Finally, the empirical results established are relatively robust. Emerald Insight 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/18717/1/IJSE%20%2042%20%208%202015%20690-705.pdf Azam, Muhammad (2015) The role of migrant workers remittances in fostering economic growth. International Journal of Social Economics, 42 (8). pp. 690-705. ISSN 0306-8293 http://doi.org/10.1108/IJSE-11-2013-0255 doi:10.1108/IJSE-11-2013-0255 doi:10.1108/IJSE-11-2013-0255 |
| spellingShingle | HC Economic History and Conditions Azam, Muhammad The role of migrant workers remittances in fostering economic growth |
| title | The role of migrant workers remittances in fostering economic growth |
| title_full | The role of migrant workers remittances in fostering economic growth |
| title_fullStr | The role of migrant workers remittances in fostering economic growth |
| title_full_unstemmed | The role of migrant workers remittances in fostering economic growth |
| title_short | The role of migrant workers remittances in fostering economic growth |
| title_sort | role of migrant workers remittances in fostering economic growth |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/18717/1/IJSE%20%2042%20%208%202015%20690-705.pdf |
| work_keys_str_mv | AT azammuhammad theroleofmigrantworkersremittancesinfosteringeconomicgrowth AT azammuhammad roleofmigrantworkersremittancesinfosteringeconomicgrowth |