An Empirical Analysis of the Socioeconomic Causes of Brain Drain and its Effects on Pakistan’s Economy

Abstract

The empirical analysis of Pakistan's highly skilled labor force emigration to other countries is the focus of this study. Researchers looked into push and pull factors as the primary drivers of cross-border migration of highly skilled individuals. Using time series data from 1980 to 2023, Scholar applied ARDL analysis to determine the short- and long-term effects of brain drain on Pakistan's economy. The empirical findings lend credence to the demand-supply and gravity models of migration. According to our findings, brain drain has a negative impact on economic growth, but remittances sent home by foreigners to Pakistan have a positive impact, and the remaining control variables show the same patterns as the theories. We can summarize the findings by saying that developing nations like Pakistan prioritize planned brain exports over unplanned brain drains.