Empirical Analysis of Migration for Economic Development: A New Evidence of Pakistani Migrants in Saudi Arabia

Abstract

The empirical results showed co-integration and a causal connection between migration and economic development. The empirical data confirmed that migration undoubtedly encouraged economic development to go out global. The connection between migration and economic development was a good sign for Pakistan to encourage its residents to migrate to Saudi Arabia for the economic outcome. It played a role in developing the country's economy. The control variables of institutions quality, infrastructure and per capita GDP increase the strength of co-integration between migration and economic development, which played a vital role in the promotion of the two variables studied.