Do Workers’ Remittances Boost Human Capital Development?

Authors

  • Muhammad Azam
  • Syed Ali Raza

DOI:

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

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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Published

2022-12-23

How to Cite

Muhammad Azam, & Syed Ali Raza. (2022). Do Workers’ Remittances Boost Human Capital Development?. The Pakistan Development Review, 55(2), pp.123–149. https://doi.org/10.30541/v55i2pp.123-149

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Section

Articles