Remittances and Economic Growth Tie in Selected South Asian Countries: A Panel Data Analysis

Md. Nezum Uddin, Mohammed Jashim Uddin, Md. Joynal Uddin, Monir Ahmmed

Abstract


Remittances are regarded one of the foremost financial resources globally. Over the past century, in the developing economy, there is a heated debate on the sources of economic growth. The current paper attempts to analyze how economic growth is being impacted by remittance in five selected South Asian countries between the period 1975 and 2017. Estimated results from panel-data estimation techniques exhibit a positive relation between economic growth and remittance in these countries. The results from Granger-causality tests suggest that remittance plays a catalyst role to bring economic growth but economic growth doesn’t play any role to bring remittance while Dumitrescu Hurlin Causality tests found a bi-directional relationship. Important finding of the study is that remittance boost economic growth in South Asian region.

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DOI: https://doi.org/10.5430/ijfr.v11n1p197

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

This journal is licensed under a Creative Commons Attribution 4.0 License.


International Journal of Financial Research
ISSN 1923-4023(Print)ISSN 1923-4031(Online)

 

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