Kazi Abdul, Mannan (2017): Macro determinants of remittance: Relationship between remittance and economic growth in Bangladesh. Published in: International Research Journal of Business and Social Science , Vol. 3, No. 2 (2017): pp. 35-44.
|
PDF
MPRA_paper_97947.pdf Download (381kB) | Preview |
Abstract
This paper examine the relation from remittances and trade to economic growth. Study applied time series econometric techniques; unit root, cointegration and error correction mechanism (ECM) to examine long-run and short-run association between dependent and independent variables during the period of 1976 to 2016. The results confirms a long-run relationship between remittance, trade and economic growth whereas no short-run causal relationship exists between remittances and economic growth, but trade shows significant influence even in the short run in GDP during the study period. It is expected that the findings would be useful to government and policy makers for internal policy formation in the area of utilization of remittance management of migration from Bangladesh.
Item Type: | MPRA Paper |
---|---|
Original Title: | Macro determinants of remittance: Relationship between remittance and economic growth in Bangladesh |
English Title: | Macro determinants of remittance: Relationship between remittance and economic growth in Bangladesh |
Language: | English |
Keywords: | Remittance, macro determinants, economic growth, migration |
Subjects: | C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics C - Mathematical and Quantitative Methods > C5 - Econometric Modeling E - Macroeconomics and Monetary Economics > E0 - General E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook |
Item ID: | 97947 |
Depositing User: | Mr Dr Mannan Abdul Kazi |
Date Deposited: | 05 Jan 2020 05:12 |
Last Modified: | 05 Jan 2020 05:12 |
References: | Abdelbagi, E. (2016). Migration, remittances, trade openness and economic growth in Africa: GMM technique. Journal of Global Economics, 4(2). Azam, M. (2013). The role of migrant workers’ remittances in fostering economic growth: the four Asian developing countries’ experiences. International Journal of Social Economics, 42(8), pp. 690 -705. Baker, D., Merkert, R., & Kamruzzaman, M. (2015). Regional aviation and economic growth: cointegration and causality analysis in Australia. Journal of Transport Geography, (43), pp. 140-150. Datta, K., & Sarkar, B. (2014). Relationship between remittances and economic growth in Bangladesh: an Econometric Study. Bangladesh Development Research Working Paper Series, (19). Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American statistical association, 74(366a), pp. 427-431. Engle, R., & Granger, C. (1991). Long-run economic relationships: readings in cointegration. Oxford University Press. Giuliano, P., & Ruiz-Arranz, M. (2009). Remittances, financial development, and growth. Journal of Development Economics, 90(1), pp.144-152. Granger, C. W. (1988). Some recent development in a concept of causality. Journal of econometrics, 39(1-2), pp.199-211. Gyanwaly, R.P. (2012). Causal relationship between money, price and income in Asian countries. The Economic Journal of Nepal, 35(1). Jenish, N. (2013). Regional trade and economic growth in the CIS region. University of Central Asia. Institute of Public Policy and Administration, WP, (21). Mannan, K.A., & Farhana, K.M. (2015). Household unit analysis of remittance determinants from Italy to Bangladesh: A study of Shariatpur District, Vogeshore Union, Research Journal of Social Science and Management, 4 (9), pp.159-170. Mannan, K.A., & Farhana, K.M. (2015). Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy, International Journal of Management Sciences and Business Research, 3 (10), pp. 112-122. Mannan, K.A., & Fredericks, L.J. (2015). The New Economics of Labour Migration (NELM): Econometric Analysis of Remittances from Italy to Rural Bangladesh Based on Kinship Relation, International Journal of Migration Research and Development, 1(1), pp.1-21. Mannan, K.A., & Fredericks, L.J. (2015). Determinants and socioeconomic impact of remittances between Bangladesh and Italy: A multivariate analysis of religion of rural households, International Research Journal of Business and Social Science, 1(1), pp.22-42. Mwangi, B.N., & Mwenda, S.N.(2015). The effect of international remittances on economic growth in Kenya. Macroeconmics and Macroeconomcs, 3(1), pp. 15-24. Nelson, C. R., & Plosser, C. R. (1982). Trends and random walks in macroeconomic time series: some evidence and implications. Journal of monetary economics, 10(2), pp. 139-162. Shera, A., & Meyer, D. (2013). Remittance and their Impact on economic growth. Periodica Polytechnica, Social & Management Sciences. Toda, H.Y., & Phillips, P.C. (1993). Vector autoregressions and causality. Econometrica, 61( 6), pp.1367–1393. Wacziarg, R. (2001). Measuring the dynamic gains from trade. The World Bank Economic Review, (15), pp. 393-429. Yanikkaya, H. (2003). Trade openness and economic growth: a cross country empirical investigation. Journal of Development Economics, 72(1), pp. 57–89. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/97947 |