Remittances and Economic Growth in Philippines

Authors

  • Rafia M. Phil Scholar, National College of Business Administration & Economics Multan Campus Author
  • Nadia M. Phil Scholar, National College of Business Administration & Economics Multan Campus Author
  • Muhammad Kamran Bhatti M. Phil Scholar, National College of Business Administration & Economics Multan Campus Author
  • Shahid Abbas M. Phil Scholar, National College of Business Administration & Economics Multan Campus Author

Keywords:

GDP, Remittances, Economic Growth, ARDL, Philippines

Abstract

Recent study was examining about remittances and economic growth in Philippines. The Auto Regressive Distributive Lag Model (ARDL) Analysis was used to get the results of the relevant study for the time period of 1990-2019 that showed there is positive long and short-run impact of Remittances on GDP while negative impact was found in between FDI and GDP. Findings also showed long run co-integration relationship among the variables. For the development of remittances, the Government should place different institutes for the awareness of remittances to the local people. Also, the Government should provide facilities to the workers while working in foreign countries

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Published

2019-09-30

Issue

Vol. 2 No. 3 (2019): Meritorious Journal of Social Sciences and Management

Section

Articles

License

Copyright (c) 2019 Rafia, Nadia, Muhammad Kamran Bhatti, Shahid Abbas (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.