This article investigate the relationship between human development, remittance inflows, and other macroeconomic variables like life expectancy, human capital, FDI, CPI, economic growth, and financial development in South Asia during 1990–2018. The Fisher residual co‐integration test confirms that there is a co‐integration among the variables. The VECM approach also indicates that there is a long run relationship among the variables. We apply FMOLS and DOLS to show the long run elasticity of explanatory variables in this article. Remittance indicates positive and significant effect on human development. We find that there is a positive effect between government expenditure and human development. Similarly, life expectancy rate and human capital has a positive effect on human development. There is a unidirectional causality between remittance and human development in South Asian region. We can suggest that public policies can be conceived to promote health, education, and income, thereby encouraging and enhancing human development.

中文翻译：

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汇款流入是否会影响南亚国家的人类发展？经验性的见解

本文研究了1990-2018年南亚地区人类发展，汇款流入以及其他宏观经济变量之间的关系，例如预期寿命，人力资本，FDI，CPI，经济增长和金融发展。Fisher残差协整检验确定变量之间存在协整。VECM方法还表明变量之间存在长期关系。在本文中，我们应用FMOLS和DOLS来显示解释变量的长期弹性。汇款表明对人类发展具有积极而重大的影响。我们发现，政府支出与人类发展之间有积极的影响。同样，预期寿命和人力资本对人类发展也有积极影响。在南亚地区，汇款与人类发展之间存在单向因果关系。我们可以建议可以构想公共政策，以促进健康，教育和收入，从而鼓励和促进人类发展。