Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia
To meet the developmental goals and fulfill the domestic labor demand of Saudi Arabia, more than 9.5 million skilled, semi-skilled and highly skilled workers from across the world are imported. After the United States of America (USA), it is the second-largest which is responsible for the larger outflow of remittances. This study is an empirical investigation to explore the impact of remittances outflow on the economic growth activity of Saudi Arabia. Furthermore, it also tests whether this outflow causes inflation in the Saudi economy. For the sack of empirical investigation, this study utilized annual time series data ranging from 1970 to 2017. Before estimating the shortrun and long-run estimates by the application of the AutoRegressive Distributed Lag (ARDL) method, time-series properties of data are explored using the Augmented Dicky Fuller (ADF) test.
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Remittances Outflow, Inflation, Economic Growth
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(1) Nazima Ellahi
Assistant Professor, Department of Economics and Finance, Foundation University, Islamabad, Pakistan.
(2) Taseer Salahuddin
Assistant Professor, Director Research National College of Business Administration and Economics, Bahawalpur, Punjab, Pakistan
(3) Asif Raza
Head of Business Operations, DPL (Pvt) Ltd., Islamabad, Pakistan.
Cite this article
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APA : Ellahi, N., Salahuddin, T., & Raza, A. (2018). Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia. Global Economics Review, III(I), 98-104. https://doi.org/10.31703/ger.2018(III-I).11
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CHICAGO : Ellahi, Nazima, Taseer Salahuddin, and Asif Raza. 2018. "Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia." Global Economics Review, III (I): 98-104 doi: 10.31703/ger.2018(III-I).11
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HARVARD : ELLAHI, N., SALAHUDDIN, T. & RAZA, A. 2018. Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia. Global Economics Review, III, 98-104.
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MHRA : Ellahi, Nazima, Taseer Salahuddin, and Asif Raza. 2018. "Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia." Global Economics Review, III: 98-104
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MLA : Ellahi, Nazima, Taseer Salahuddin, and Asif Raza. "Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia." Global Economics Review, III.I (2018): 98-104 Print.
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OXFORD : Ellahi, Nazima, Salahuddin, Taseer, and Raza, Asif (2018), "Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia", Global Economics Review, III (I), 98-104
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TURABIAN : Ellahi, Nazima, Taseer Salahuddin, and Asif Raza. "Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia." Global Economics Review III, no. I (2018): 98-104. https://doi.org/10.31703/ger.2018(III-I).11