INVESTIGATING THE RELATIONSHIP BETWEEN MIGRATION AND ECONOMIC DEVELOPMENT

Abstract

This comprehensive study explores the intricate relationship between migration and development economics across a diverse sample of 100 countries over a ten-year period from 2010 to 2020. Our analysis reveals compelling insights into how migration patterns impact economic development and human well-being. We find robust support for the hypothesis that higher migration rates are associated with greater economic prosperity, as measured by GDP per capita. Additionally, remittances play a pivotal role, demonstrating a significant positive relationship with both GDP per capita and the Human Development Index (HDI). Furthermore, education levels emerge as a key determinant, influencing migration rates and contributing to enhanced economic development. The study also unveils the moderating effects of political stability and infrastructure quality on the migration-development relationship. Robustness checks and sensitivity analyses confirm the reliability of our findings. These results hold significant implications for policymakers, offering guidance for formulating context-aware strategies that harness the benefits of migration while addressing associated challenges. This research contributes to a nuanced understanding of the global interplay between migration and development, facilitating informed decision-making in an evolving world landscape.