Empirical link between growth and remittance: evidence from panel data

Article

Salahuddin, Mohammad. 2013. "Empirical link between growth and remittance: evidence from panel data." Journal of Applied Business and Economics. 14 (5).
Article Title

Empirical link between growth and remittance: evidence from panel data

ERA Journal ID18562
Article CategoryArticle
Authors
AuthorSalahuddin, Mohammad
Journal TitleJournal of Applied Business and Economics
Journal Citation14 (5)
Number of Pages14
Year2013
Place of PublicationWest Palm Beach, FL, USA
ISSN1499-691X
Web Address (URL)http://www.na-businesspress.com/jabeopen.html
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.

Keywordscointegration, economic growth, migrants’ remittances
ANZSRC Field of Research 2020440499. Development studies not elsewhere classified
Byline AffiliationsSchool of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
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