The Effects of Devaluation of Currency on Economic Growth: The Mediating Role of Remittances

Autor:	Naveed Ali, Izhar Ul Hassan, Abdul Wahab
Rok vydání:	2022
Předmět:	Ocean Engineering Safety Risk Reliability and Quality
Zdroj:	Global Social Sciences Review. :410-420
ISSN:	2616-793X 2520-0348
DOI:	10.31703/gssr.2022(vii-ii).40
Popis:	This study looks into how the devaluation of the Pakistani currency affected remittances (REM) and economic growth (EG) in Pakistan. The study also looks at how REM affects the link between the devaluation of the currency and the growth of the economy in Pakistan Over the course of 45 years, from 1972 to 2016. The study uses Autoregressive Distributive Lag Model (ARDL) for examining the relationship. This study uses sensitivity analysis and chooses among different econometric techniques, which take into account the endogeneity problem. The results show that remittances partially mediate the relationship between the devaluation of currency and economic growth.Moreover, a one unit rise in REM leads to a 0.47 unit decrease in EG.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f573769510fe89028301fe1eb40379ba https://doi.org/10.31703/gssr.2022(vii-ii).40 Zobrazit plný text záznamu