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Worker’s Remittances and GDP Growth in Pakistan

Year 2014, Volume: 4 Issue: 2, 376 - 381, 01.06.2014

Rashid Hussain Ghulam Abbas Anjum

Abstract

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.

Keywords

remittances volatility FDI GMM financial development

Year 2014, Volume: 4 Issue: 2, 376 - 381, 01.06.2014

Rashid Hussain Ghulam Abbas Anjum

Abstract

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Details

Other ID JA29GG82TA
Journal Section Research Article
Authors

Rashid Hussain This is me

Ghulam Abbas Anjum This is me

Publication Date June 1, 2014
Published in Issue Year 2014 Volume: 4 Issue: 2

Cite

APA Hussain, R., & Anjum, G. A. (2014). Worker’s Remittances and GDP Growth in Pakistan. International Journal of Economics and Financial Issues, 4(2), 376-381.
AMA Hussain R, Anjum GA. Worker’s Remittances and GDP Growth in Pakistan. IJEFI. June 2014;4(2):376-381.
Chicago Hussain, Rashid, and Ghulam Abbas Anjum. “Worker’s Remittances and GDP Growth in Pakistan”. International Journal of Economics and Financial Issues 4, no. 2 (June 2014): 376-81.
EndNote Hussain R, Anjum GA (June 1, 2014) Worker’s Remittances and GDP Growth in Pakistan. International Journal of Economics and Financial Issues 4 2 376–381.
IEEE R. Hussain and G. A. Anjum, “Worker’s Remittances and GDP Growth in Pakistan”, IJEFI, vol. 4, no. 2, pp. 376–381, 2014.
ISNAD Hussain, Rashid - Anjum, Ghulam Abbas. “Worker’s Remittances and GDP Growth in Pakistan”. International Journal of Economics and Financial Issues 4/2 (June 2014), 376-381.
JAMA Hussain R, Anjum GA. Worker’s Remittances and GDP Growth in Pakistan. IJEFI. 2014;4:376–381.
MLA Hussain, Rashid and Ghulam Abbas Anjum. “Worker’s Remittances and GDP Growth in Pakistan”. International Journal of Economics and Financial Issues, vol. 4, no. 2, 2014, pp. 376-81.
Vancouver Hussain R, Anjum GA. Worker’s Remittances and GDP Growth in Pakistan. IJEFI. 2014;4(2):376-81.