EFFECTS OF REMITTANCES ON PER CAPITA ECONOMIC GROWTH OF PAKISTAN

This study investigates the effects of remittances on per capita economicgrowth of Pakistan for the period 1976 to 2013. The Auto RegressiveDistributed Lag (ARDL) Bounds testing model was employed toexplore short run and long run liaison of remittances with per capitaeconomic growth. The analyses evidence statistically significantpositive long run and short run impacts of remittances on per capitaeconomic growth. Based upon the empirical results, this study suggeststhat government should formulate and adopt policies which canfurther motivate and enhance remittances inflow, and hence a morepromising economic growth