Reflection of Remittances on Advancement of REM & ICTs sectors in developing countries

Abstract

The latest information and communication technologies (ICTs) are becoming popular all around the world because of their astonishing speed. As this technology was perceived as facilitating utensils as for the cost-effective growth and development, exclusively in economic backgrounds in the back word countries. They were comparatively easy and lowest in cost to embrace these technologies. In the world of globalization, the transformation between interconnected income variation and the growth rate of saving were explained through these technologies. The main aim of technology and science is to bring these technologies into organizations and to trained the employees to use these technologies more effectively

Propose: The Study aims at investigating the Reflection of remittances on economic in general and on ICTs with real-estate market REM sectors in particular.  A little education has addressed the importance of remittances of expatriates to their countries.  The current research examines the influence of expatriates on REM & ICTs sectors in Jordan.

Methods:  The study has adopted analytical approaches to investigate the impact of Jordanian remittances on the investment of REM & ICTs sectors in Jordan.

Data sources and tools : Jordanian central bank, Ministry of labour, World Bank, The following tests were applied, namely: Dickey-Fuller (ADF) for testing the stillness of the time series model to the variables of the study, CUSUM of Square test for investigating the stability of the model parameters,

Results: The study has a positive impact on REM & ICTs sectors, building, infrastructure. The study recommends formulating strategies and rules for Jordanian expatriates in order to invest their remittances in long term developmental investments, develop alternative funding sources in case if remittances have been suspended and diverse investment climates have been provided for Jordanian expatriates.