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Title of Thesis

Economic Determinants Of International Remittances In Pakistan

Author(s)

Nisar Ahmad

Institute/University/Department Details
Department Of Economics / University Of Sargodha, Sargodha
Session
2008
Subject
Economics
Number of Pages
183
Keywords (Extracted from title, table of contents and abstract of thesis)
Remittances, International, Economic, Remittances, Migration, Reserves, Seems, Imperative, Widening, Incentives, Schemes

Abstract
The international remittance is one of the important sources of foreign exchange earnings in the country. Recently, Pakistan received over $4 billion as foreign remittances in 2006. The flows of funds through foreign remittances served as a cushion for balance of payment and foreign reserves. The economic determinants of international workers’ remittances and migration in Pakistan were investigated in this research study. The time series data were used to identify the economic determinants of the international remittances and migration in Pakistan for the year of 1973 through 2005. The stationary properties of each time series were investigated and found integrated of order one. The variables of remittances and migration models were established as co-integrated.
The real remittances in Pakistan were found positively related with real GDP, real Growth rate and unemployment rate and were negatively related with real wage rate, literacy rate and spread rate of banks in Pakistan. The migration from Pakistan was found positively related with real remittances, inflation and unemployment rate and was negatively related with real wage rate in the country. Based on research results, it seems imperative to introduce financial innovations and create friendly environment for migrant workers to invest in the country. The widening gap of saving-investment can also be bridged through providing incentives on the bank rate and saving schemes.

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522 KB
S. No. Chapter Title of the Chapters Page Size (KB)
1 0 CONTENTS

 

v
47 KB
2

1

INTRODUCTION

1.1 Introduction
1.2 Remittances in Pakistan
1.3 Objectives of the Study
1.4 Plan of Study

2
59 KB
3 2 REVIEW OF LITERATURE

2.1 Introduction
2.2 Literature review at National Level
2.3 Literature review at International Level
2.4 Literature review about Remittances at Micro Level
2.5 Literature review about Remittances at Macro Level
2.6 Literature review about Migration
2.7 Summary

11
129 KB
4 3 THEORETICAL FRAMEWORK

3.1 Introduction

3.2 Theories of Migration
3.3 Theory of Remittances
3.4 Motives of Remittances
3.5 Hypotheses Formulation

57
80 KB
5 4 DATA AND METHODOLOGY

4.1 Introduction
4.2 Source of Data
4.3 Methods and Procedures
4.4 Stationary, non-stationary and Order of Integration
4.5 The concept of Co-integration
4.6 Order of Integration
4.7 Test of Co-integration
4.8 Co-integrating Vectors
4.9 Error Correction Mechanism
4.10 Modeling Strategy

78
98 KB
6 5 UNIT ROOT TEST

5.1 Introduction
5.2 Unit Root Test
5.3 Graphical Representation of the Series

94
180 KB
7 6 COINTEGRATION ANALYSIS

6.1 Introduction
6.2 Co-integration
6.3 Co-integration Analysis of Remittances Model
6.4 Co-integration Analysis of Migration Model

110
81 KB
8 7 ECONOMIC DETERMINANTS OF INTERNATIONAL REMITTANCES

7.1 Introduction
7.2 Long Run Relationship
7.3 Error Correction Mechanism
7.4 Long Run and Short Run Elasticities
7.5 Elementary Analysis of Workers’ Remittances in Pakistan
7.6 Impulse Response Function of Remittances Model

121
102 KB
9 8 ECONOMIC DETERMINANTS OF INTERNATIONAL MIGRATION

8.1 Introduction
8.2 Long Run Relationship
8.3 Error Correction Mechanism
8.4 Long Run and Short Run Elasticities
8.5 Impulse Response Function of Migration Model

136
90 KB
10 9 CONCLUSION AND POLICY RECOMMENDATIONS

 

145
56 KB
11 10 REFERENCES AND APPENDIX 153
100 KB