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Do remittances, exports and financial development matter for economic growth? A case study of Pakistan using Bounds Approach

Kumar, Ronald R. (2011) Do remittances, exports and financial development matter for economic growth? A case study of Pakistan using Bounds Approach. Journal of International Academic Research, 11 (1). pp. 18-26. ISSN 2040-8099

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    Abstract

    The study explores, using bounds test, the short-run and long-run effects of remittances, exports and financial development on per worker income using the annual data for the period 1980-2009 in Pakistan. The results show exports are significant both in the short-run and long-run while remittances is positively significant only in the long-run but has a lagged negative effect similar to financial development in the short-run. Contrary to some recent findings, the results show financial development does not have any significant long-run effect on per worker income. Therefore, the need to develop exports and remittances markets for long-term sustainability of the economy, and finding innovative ways to make financial sector more integrated to economic activities are suggested for development policy discourse.

    Item Type: Journal Article
    Subjects: H Social Sciences > HD Industries. Land use. Labor
    H Social Sciences > HG Finance
    Divisions: Faculty of Business and Economics (FBE) > School of Economics
    Depositing User: Ms Shalni Sanjana
    Date Deposited: 13 Jun 2011 20:29
    Last Modified: 13 Jun 2012 20:29
    URI: http://repository.usp.ac.fj/id/eprint/4691
    UNSPECIFIED

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