http://dx.doi.org/10.31703/gssr.2022(VII-II).40
10.31703/gssr.2022(VII-II).40
Published : Jun 2022
The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances
This study looks into how the devaluation of the Pakistani currency affected remittances (REM) and economic growth (EG) in Pakistan. The study also looks at how REM affects the link between the devaluationof the currency and the growth of the economy in Pakistan Over the course of 45 years, from 1972 to 2016. The study uses Autoregressive Distributive Lag Model (ARDL) for examining the relationship. This study uses sensitivity analysis and chooses amongdifferenteconometrictechniques,whichtakeintoaccountthe endogeneity problem. The results show that remittances partially mediate the relationship between the devaluation of currency and economic growth.Moreover, a one unit rise in REM leads to a 0.47 unit decrease in EG.
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(1) Naveed Ali
Department of Economics & Development Studies, University of Swat, KP, Pakistan
(2) Izhar Ul Hassan
Government of Pakhtunkhwa Planning and Development Department, Peshawar, KP, Pakistan.
(3) Abdul Wahab
Qurtaba University of Science and Technology, Peshawar, KP, Pakistan
Cite this article
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APA : Ali, N., Hassan, I. U., & Wahab, A. (2022). The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances. <i>Global Social Sciences Review, VII(II)</i>, 410-420. <a href='https://doi.org/10.31703/gssr.2022(VII-II).40'>https://doi.org/10.31703/gssr.2022(VII-II).40</a>
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CHICAGO : Ali, Naveed, Izhar Ul Hassan, and Abdul Wahab. 2022. "The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances." <i>Global Social Sciences Review</i>, VII (II): 410-420 doi: 10.31703/gssr.2022(VII-II).40
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HARVARD : ALI, N., HASSAN, I. U. & WAHAB, A. 2022. The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances. <i>Global Social Sciences Review</i>, VII, 410-420.
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MHRA : Ali, Naveed, Izhar Ul Hassan, and Abdul Wahab. 2022. "The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances." <i>Global Social Sciences Review</i>, VII: 410-420
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MLA : Ali, Naveed, Izhar Ul Hassan, and Abdul Wahab. "The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances." <i>Global Social Sciences Review</i>, VII.II (2022): 410-420 Print.
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OXFORD : Ali, Naveed, Hassan, Izhar Ul, and Wahab, Abdul (2022), "The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances", <i>Global Social Sciences Review</i>, VII (II), 410-420
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TURABIAN : Ali, Naveed, Izhar Ul Hassan, and Abdul Wahab. "The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances." <i>Global Social Sciences Review</i> VII, no. II (2022): 410-420. <a href='https://doi.org/10.31703/gssr.2022(VII-II).40'>https://doi.org/10.31703/gssr.2022(VII-II).40</a>