TY  - JOUR
TT  - Worker’s Remittances and GDP Growth in Pakistan
AU  - Hussain, Rashid
AU  - Anjum, Ghulam Abbas
PY  - 2014
DA  - June
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 376
EP  - 381
VL  - 4
IS  - 2
KW  - remittances
KW  - volatility
KW  - FDI
KW  - GMM
KW  - financial development
N2  - The worker’s remittances are considering second largest source of finance in developing countries after FDI. Worker’s remittances and GDP growth has analyzed for Pakistan for the period from 1973 to 2011. The Generalized method of moments (GMM) has used to control endogeniety problem and GMM also employed to handle unobservable effects. The study showed that worker’s remittances are positive as well as significant with GDP growth and also playing an active role in Pakistan economy. Impact of financial sector on GDP growth is also positive and significant as trade openness and world growth GDP. The vital policy based on our finding is financial sector should be improve for smooth and horizontal transection of remittances and also this sector perform productive investment.
UR  - https://dergipark.org.tr/en/pub/ijefi/issue//352007
L1  - https://dergipark.org.tr/en/download/article-file/362868
ER  -