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The Contribution of Worker’s Remittances to Economic Growth in Pakistan

Author

Listed:
  • Zafar Iqbal

    (Pakistan Institute of Development Economics)

  • Abdus Sattar

    (Pakistan Institute of Development Economics)

Abstract
The role of workers’ remittances in economic development of recipient countries is considered to be an important area of research. In particular, sound research in this area is important for policy-makers in order to formulate wise policies to channel these flows into productive investment. Remittances have become an important source of foreign exchange earnings, predominantly from developed countries to developing countries. The availability of foreign exchange through remittances has not only helped the recipient countries in achieving a reasonably high economic growth by reducing the current account deficit, it has also reduced their external borrowing as well as external debt burden. There is, however, also an alternative view that remittances may have a negative impact on output in recipient economies.

Suggested Citation

  • Zafar Iqbal & Abdus Sattar, 2005. "The Contribution of Worker’s Remittances to Economic Growth in Pakistan," PIDE Research Report 2005:187, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:rrepot:2005:187
    as

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    References listed on IDEAS

    as
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