ISSN: 2222-6990
Open access
The objective of this research is to study the wallop of remittances on GDP in Pakistan. Overall domestic product is versatile dependent. Remittances, foreign aid and investments are independent variables. A data of Pakistan is collected of 30 years (1985-2014) from WORLD DVELOPMENT IDICATORS. The model equation used in this data collection is based on Ordinary Least Square (OLS) method. Analysis shows that foreigners play important role in enhancing economy of Pakistan. There is positive relation between remittances and economy growth in Pakistan. If remittances are increased by 1% then 6.68% growth economy will increase. R square is equal to .9798, which means that 97% variation in dependent variable is due to independent variables.
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Copyright: © 2018 The Author(s)
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