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HUMAN CAPITAL AND FOREIGN REMITTANCES IN PAKISTAN

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16 Pages : 163 - 175

http://dx.doi.org/10.31703/gssr.2022(VII-II).16      10.31703/gssr.2022(VII-II).16      Published : Jun 2022

Human Capital and Foreign Remittances in Pakistan

Abstract

    This study analyzes the effects of foreign remittance on human capital by using the pooled data collected from HIES data sets, from 1998/99 to 2018/19. Two proxies (e.g., 1- mean years-of-schooling with age equal to 15 years and above, 2- mean years-of-schooling with age equal to 25 and above) are used for human capital. The panel data techniques, like Fixed effect,Random effect model, GLS regression, and Panel corrected standard error regression, are used. The results show a significant positive relationship between human capital measured in terms of both proxies and foreign remittances in overall Pakistan, but human capital in terms of the first proxy has a statistically significant association with foreign remittances in an urban and rural area, in terms of the second proxy, significant in urban, but not in rural areas. Per-capita-income has statistically significant positive effects on human capital in terms of both proxies in rural areas but does not have a significant effect in urban areas. It is recommended that the Government should formulate policies that can maximize the inflow of foreign remittances in Pakistan.

    (1) Muhammad Yasir Nadeem
    Ph.D. Scholar, University of Sargodha, Punjab, Pakistan.
    (2) Ahmed Raza Cheema
    Department of Economics, Faculty of Social Sciences, University of Sargodha, Punjab, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Nadeem, Muhammad Yasir, and Ahmed Raza Cheema. 2022. "Human Capital and Foreign Remittances in Pakistan." Global Social Sciences Review, VII (II): 163 - 175 doi: 10.31703/gssr.2022(VII-II).16

HARVARD

    HARVARD : NADEEM, M. Y. & CHEEMA, A. R. 2022. Human Capital and Foreign Remittances in Pakistan. Global Social Sciences Review, VII, 163 - 175.

MHRA

    MHRA : Nadeem, Muhammad Yasir, and Ahmed Raza Cheema. 2022. "Human Capital and Foreign Remittances in Pakistan." Global Social Sciences Review, VII: 163 - 175

MLA

    MLA : Nadeem, Muhammad Yasir, and Ahmed Raza Cheema. "Human Capital and Foreign Remittances in Pakistan." Global Social Sciences Review, VII.II (2022): 163 - 175 Print.

OXFORD

    OXFORD : Nadeem, Muhammad Yasir and Cheema, Ahmed Raza (2022), "Human Capital and Foreign Remittances in Pakistan", Global Social Sciences Review, VII (II), 163 - 175

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