The Role of Remittances on Human Development: Evidence from Developing Countries

Abstract

Remittances are the part of migrant workers and essentially cash exchanges earned abroad and sent to their
families. Worker remittances are an important part of international capital flows. The volume of remittances
increments in developing countries day by day and season through season. Remittances are the backbone for the
developing economies. We have used annual cross section data from the period of 2014 of 100 developing
countries including Afghanistan, Pakistan, Turkey, Bangladesh, Iraq and China. Results show that there is a
positive and insignificant relationship between remittances and human development in each of the selected
developing country.