INVESTIGATING THE RELATIONSHIP BETWEEN MIGRATION AND ECONOMIC DEVELOPMENT

Authors

  • BASHARAT REHMAN China University of Petroleum Beijing, China Author
  • AHMAD RAZA Student of M.phil Economic, University of Agriculture Faisalabad, Pakistan Author
  • MEHREEN FATIMA PhD Scholar, University of Peshawar, KPK, Pakistan Author
  • ZHEN WANG Professor, Academy of Chinese Energy Strategy, China University of petroleum Beijing China Author
  • SABA JAVED Institute of Agriculture and Resource Economics, University of Agriculture Faisalabad, Pakistan Author
  • USMAN ASLAM BBA, Bachelor of Business Administration, Post Graduation college of commerce, Affiliation: University of Punjab, Pakistan Author

Keywords:

Migration,, Development Economics,, Remittances

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.

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Published

2023-08-30

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Section

Articles

How to Cite

REHMAN, B. ., RAZA, A. ., FATIMA, M. ., WANG, Z. ., JAVED, S. ., & ASLAM, U. . (2023). INVESTIGATING THE RELATIONSHIP BETWEEN MIGRATION AND ECONOMIC DEVELOPMENT. Bulletin of Business and Economics (BBE), 12(2), 133-141. https://bbejournal.com/BBE/article/view/458

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