Remittance Outflow and Economic Growth Linkage: The Role of Trade,ICT, Human, and Physical Capital

Remittance Outflow and Economic Growth Linkage: The Role of Trade,ICT, Human, and Physical Capital

Blog Article

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 Bike Parts - BMX - Frames 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 Institutionnel - Triathlon Sherbrooke - Femme 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.