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Workersa Remittances and Economic Growth: Evidence from Azerbaijan and Armenia

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Workersa Remittances and Economic Growth: Evidence from Azerbaijan and Armenia

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Abstract

The basic objective of every state is to uplift social welfare of the society. There are different ways to boost the process of socio -economic growth, welfare and development but the role of workers’ remittances is not the sole but very decisive and eminent in its nature. Therefore, this aims to explore theoretically and empirically the impacts of workers’ remittances on economic growth of Azerbaijan and Armenia’s economies. The statistical analysis has been made through simple log linear regression model and the method of least square has been used. The finding of the study indicates that worker remittances are significant and have positive impacts on economic growth and development for the study area. Thus, findings suggest that the relevant authorities of both the countries need to formulate appropriate conducive policies in order to encourage worker remittances. In addition, it is further, suggests that workers’ remittances received from other countries must also be utilized more efficiently to have similar impacts.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Muhammad Azam, Asmatullah Khan. . "Workersa Remittances and Economic Growth: Evidence from Azerbaijan and Armenia". Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 11 (GJHSS Volume 11 Issue C7).

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords
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Language
English
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Workersa Remittances and Economic Growth: Evidence from Azerbaijan and Armenia

Dr. Azam
Dr. Azam University of Illinois
Asmatullah Khan
Asmatullah Khan <p>University of Illinois</p>