Do Workers’ Remittances Boost Human Capital Development?

Muhammad Azam , Syed Ali Raza

Abstract


This study examines the influence of workers’ remittances
along with the economic governance system on human capital development
in 17 countries having low income, lower middle, upper middle and high
income levels by using the annual panel between 1996 and 2013. Overall,
results of fixed-effects model reveal that workers’ remittances have
significantly positive impact on the human capital development. Results
also reveal the positive and significant impact of all selected
variables of economic governance system on human capital. It is
concluded that the strong economic governance system strengthens the
association between workers’ remittances and human capital during the
aforementioned time period. JEL Classification: F24, J23 Keywords:
Remittances, Economic Governance System, Human Capital
Development

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DOI: https://doi.org/10.30541/v55i2pp.123-149

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