Empirical link between growth and remittance: evidence from panel data

Salahuddin, Mohammad (2013) Empirical link between growth and remittance: evidence from panel data. Journal of Applied Business and Economics, 14 (5). ISSN 1499-691X

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Abstract

This study investigates the relationship between migrants’ remittances and economic growth for a panel of some Asian countries namely; Bangladesh, India, Pakistan and the Philippines. Panel unit root tests were conducted to check stationarity of data. Panel cointegration techniques are employed to examine the long run relationship between variables. Findings indicate long run positive relationship between the two variables meaning remittance inflow spur economic growth in these countries. However, use of remittances in more productive sectors such as infrastructure, education, health might contribute to reducing poverty in the short run in these countries especially in small economies like Bangladesh, Pakistan and the Philippines. Even large economy like India has every potential to be benefitted from remittance income and also from the reverse brain drain that started in India only recently.

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Item Type:	Article (Commonwealth Reporting Category C)
Refereed:	Yes
Item Status:	Live Archive
Faculty / Department / School:	Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited:	24 May 2013 04:21
Last Modified:	11 Jul 2014 05:31
Uncontrolled Keywords:	cointegration, economic growth, migrants’ remittances
Fields of Research :	14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
URI:	http://eprints.usq.edu.au/id/eprint/23544

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