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Investigating The Relationship Between Migration And Economic Development

Author

Listed:
  • BASHARAT REHMAN

    (China University of Petroleum Beijing, China)

  • AHMAD RAZA

    (Student of M.phil Economic, University of Agriculture Faisalabad, Pakistan)

  • MEHREEN FATIMA

    (PhD Scholar, University of Peshawar, KPK, Pakistan)

  • ZHEN WANG

    (Professor, Academy of Chinese Energy Strategy, China University of petroleum Beijing China)

  • SABA JAVED

    (Institute of Agriculture and Resource Economics, University of Agriculture Faisalabad, Pakistan)

  • USMAN ASLAM

    (BBA, Bachelor of Business Administration, Post Graduation college of commerce, Affiliation: University of Punjab, Pakistan)

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.

Suggested Citation

  • Basharat Rehman & Ahmad Raza & Mehreen Fatima & Zhen Wang & Saba Javed & Usman Aslam, 2023. "Investigating The Relationship Between Migration And Economic Development," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 133-141.
    • Handle: RePEc:rfh:bbejor:v:12:y:2023:i:2:p:133-141
    DOI: https://zenodo.org/records/8332135
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    References listed on IDEAS

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