Remittance Outflow and Economic Growth Linkage
The Role of Trade,ICT, Human, and Physical Capital
Bibliographic Data
| ID | 16916229 |
|---|---|
| Authors | Md Saiful Islam (0000-0002-5690-5971, University of Ha'il, corresponding author), Atiq Ur Rehman (0000-0002-9652-5201, University of Ha'il), Anis Ur Rehman (0000-0002-1878-4523), Imran Khan (0000-0002-2069-7410, University of Ha'il), Ibrahim Abdelrasuol (University of Ha'il), Md Abu Raihan (0000-0001-7552-5328, Islamic University) |
| Year | 2024 |
| Volume | 14 |
| Issue | 2 |
| Publication date | 2024-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/21582440241258483 |
| OpenAlex | W4399715402 |
| Language | EN |
| References cited | 51 |
This study focuses on how remittance outflow shapes the economic growth (EG) performance in leading remittance-sending nations, considering the role of trade, ICT, and human and physical capital as control variables. It utilizes panel data from 1990 to 2021 and utilizes second-generation econometric methods. Our findings reveal a cointegration among variables and show that remittance outflow is growth-enhancing in leading remittance-paying countries. Trade, capital formation, and ICT deployment positively impact economic performance and appear to be a blessing for EG. While the role of HC is insignificant, indicating that it does not affect EG. The outcome suggests that remittance outflow is not an economic problem for the remittance-paying nations; instead, they must utilize the talent and skills of migrant labor to achieve EG. Our results suggest that policymakers should concentrate on using the talent and skills of migrant labor, consider trade as a source of growth, develop policies to improve the skills and competencies of the local workforce and deploy and utilize ICT facilities effectively to achieve sustainable EG
Business · Economic growth · Economics · Human capital · Information and Communications Technology · International trade · Political science · Remittance · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Migration and Labor Dynamics
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| Highly cited | No |
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