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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
International Trade
3. Theses(Master)
EFFECT OF REMITTANCE AND OFFICIAL DEVELOPMENT AID ON THE ECONOMIC GROWTH OF PAKISTAN
- Author(s)
- JAMALI BILQUEES
- Advisor
- Kyung Ho Lee
- Department
- 국제대학원 국제통상학과
- Publisher
- Graduate School of International Studies Ajou University
- Publication Year
- 2018-02
- Language
- eng
- Keyword
- Economic Growth; Remittance; Foreign Aid
- Alternative Abstract
- As Pakistan is receiving a large amount of remittance and official development assistance (ODA)/foreign aid, it is very applicable to examine the impact of these factors on the economic growth of Pakistan. It’s been seventy years since Pakistan became independent and is still struggling for sustainable economic development in spite of receiving huge flows of foreign aid and remittances. During last several decades, there has been a considerable debate among scholars and economists regarding the role of remittance and foreign aid on the economic growth in the perspective of developing countries. Pro-aid and pro remittance school of thought or classical school argue that these factors have helped in developing the economy while neoclassical growth framework suggests that remittance and foreign aid have no effect on the economic growth. The results of this study show a positive and significant relationship between economic growth and, remittance both in long term and short term. The second significant finding of the study reveals that foreign aid has a long-term positive impact on GDP growth of Pakistan but has insignificantly affected the GDP growth in short term. The results reveal a strong support for the pro-remittance and pro-aid school of thought, which believes that these capital inflows help in economic development. The two variables have a robust link and have shown a positive impact on the GDP growth of Pakistan. This study investigated the relationship between GDP, remittance, and foreign aid using Augmented Dickey-Fuller Test using unit root to check the stationarity/non-stationarity of the data, Johansen Cointegration test, Vector Error Correction Model (VCEM) by means of time series data from 1976 to 2015.
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- Special Graduate Schools > Graduate School of International Studies > Department of International Trade > International Trade > 3. Theses(Master)
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