Asian Journal of Development Matters
  • Year: 2018
  • Volume: 12
  • Issue: 1supplement

A study of the external determinants of international migration and its impact on indian economy

  • Author:
  • G R Madhu1, H R Uma2
  • Total Page Count: 12
  • Published Online: Oct 1, 2018
  • Page Number: 74 to 85

1ICSSR-PDF, DOS in Economics and Cooperation, University of Mysore, MGM, Mysore, Karnataka

2Professor of Economics, sir, MV PG Centre, University of Mysore, Thubinakere, Mandya, Karnataka

Abstract

International labour migration is one of the universal phenomenon, having history as old as the history of mankind. The volume of International labour migration flows are increasing year by year as the result of globalization around the world. Advancement in the technology, transportation facilities, communication and availability of information about different countries This paper empirically investigate the impact of external determinants (remittance, FDI, and imports) on GDP. This paper is based on secondary data, secondary data collected from World Bank data bank and UN Department of Economic and Social Affairs. Based on the data availability, remittances, FDI, and imports are considered in the analysis. Empirical analysis is carried out using 42 annual observations over the period 19752016. ADF technique has been used to check the stationarity of the time series data. Cointegration test has been used to check the relationship between GDP and selected other variables. VECM test has been used for analyse the short term relationship between GDP, remittance, FDI and Imports. This paper has found that there is a positive relationship between GDP remittance and FDI. Imports have a negative impact on GDP. International labour Migration contributes Indian economy directly and indirectly in its economic growthlabour market help in the movement of labour has helped in the fast movement of labourers all over the world.

Keywords

Migration, Remittance, Imports, FDI, World Bank