Department of Economics

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    IMPACT OF BRAIN DRAIN ON ECONOMIC GROWTH OF PAKISTAN
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) JAVERIA KASHIF; SP20-BEC-002; HINA AMIR
    This study aims to find out how Pakistan's economic growth is affected by brain drain. It has used time series data of 1990-2019 over a period of 30 years. In this study the dependent variable is GDP with health expenditure, human development index, population growth and net migration rate as independent variables. The long- and short-term relationships between the variables are ascertained using the autoregressive distributed lag error correction model. ADF unit root test exhibit that the variables are stationary or not. The empirical results found that in the long run there is positive impact of HDI, health expenditures, and population expenditures on economic growth while net migration rate is having negative impact on economic growth of Pakistan. In the short run health expenditure has negative impact on economic growth while net migration rate, HDI and population growth positively affect economic growth of Pakistan.
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    The Role of Foreign Remittances in Fostering the GDP of Pakistan
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) MUHAMMAD UMER; SP20-BEC-005; HINA AMIR
    The study is an addition to the research to examine the contribution that worker remittances provide to Pakistan's GDP. The analysis of the study concluded the impact of workers’ remittances, inflation, unemployment rate, emigrants, and total reserves on the GDP of Pakistan. Time series data (1993 to 2021) has been gathered from different authentic sources like the World Bank and IMF. The results of the ADF unit root test indicate that emigration and inflation are stationary at levels, whereas worker remittances, the unemployment rate, and total reserves are stationary at first difference. Both a long-term and short-term link between the variables is shown by the ARDL findings. The findings demonstrate that GDP is significant impacted by each independent variable. Furthermore, the study examined that the workers’ remittances and emigrants is positively related to the GDP of Pakistan while inflation, unemployment rate, and total reserves are negatively related to the GDP of Pakistan. The findings of this study will be a great contribution to the current research for policy recommendations.