Empirical Analysis of Migration for Economic Development: A New Evidence of Pakistani Migrants in Saudi Arabia
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Author: Hashmat Ullah Khan, Shan Yu, and Faheem Ur Rehman
Author Address: Post-Doctoral Researcher, Institute of Middle Eastern Studies, Northwest University, Xi'an (China), School of Economics, Jilin University, Changchun, Jilin (China) and Business School, NingboTech University, Zhejiang (China)
Keywords: Co-integration, economic development, labour, migration.
JEL Codes: F24, F22, F63, O10.
Abstract
The empirical results showed co-integration and a causal connection between migration and economic development. The empirical data confirmed that migration undoubtedly encouraged economic development to go out global. The connection between migration and economic development was a good sign for Pakistan to encourage its residents to migrate to Saudi Arabia for the economic outcome. It played a role in developing the country's economy. The control variables of institutions quality, infrastructure and per capita GDP increase the strength of co-integration between migration and economic development, which played a vital role in the promotion of the two variables studied.
Description
Indian Journal of Economics and Development
Volume 18 No. 4, 2022, 860-867
DOI: https://doi.org/10.35716/IJED/22279
NAAS Score: 5.15 (2022)
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus (SJR: 0.18)
UGC Approved (UGC-Care List Group II)