An Econometric Analysis on Remittance and Economic Growth in Bangladesh

Md Shafiul Islam
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Md Shafiul Islam: Assistant Professor, Department of Economics, Begum Rokeya University, Rangpur-5400, Bangladesh

International Journal of Economics and Financial Research, 2020, vol. 6, issue 10, 214-218

Abstract: In Bangladesh, migrant worker’s remittances constitute one of the most significant sources of external finance. This paper investigates the existence of relation between remittance inflow and GDP and the causal link between them in Bangladesh by employing the Granger causality test under a VECM framework. Using time series data over a 38 year period, we found that growth in remittances does lead to economic growth in Bangladesh. In addition to the relationship, this paper also points out some issues that are working as impediments in getting remittance and give some recommendations to overcome those impediments.

Keywords: Remittance; Economic growth; VECM; Granger causality (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2020:p:214-218

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