Migrant Workforces, Foreign Remittance, and Economic Growth Nexus in an Emerging Country

Rana Mosharrafa (), Mohammad Sahabuddin () and Nipa Saha ()
Additional contact information
Rana Mosharrafa: Prime University
Mohammad Sahabuddin: State University of Bangladesh
Nipa Saha: State University of Bangladesh

Journal of International Migration and Integration, 2024, vol. 25, issue 4, No 26, 2337 pages

Abstract: Abstract Migrant workforces and remittance inflow have drawn considerable attention in global economic research. During the past few decades, remittance inflow became a crucial economic growth component in many emerging nations. The current study, employing a time–frequency-based wavelet technique, investigates the dynamic causal relationship between migration, foreign remittance, and economic growth in an emerging country such as Bangladesh. The findings reveal the dynamic causal among the variables; however, the results present time-varying movement under the time–frequency spaces framework. Notably, the evidence shows a significant relationship among the variables in the long run. A strong correlation appeared on the 5–16 band scales among the pair of migration and foreign remittance (MIG-REM), migration and economic growth (MIG-GDP), and foreign remittance and economic growth (REM-GDP). The outcomes suggest that Bangladesh’s economic indicators are highly interrelated in the long run. Therefore, the fluctuation of indicators altered and exposed a low volatility scale for the Bangladeshi economy in the long run.

Keywords: Migration; Foreign remittance; Economic growth; Emerging country (search for similar items in EconPapers)
JEL-codes: C23 D4 G14 G21 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s12134-024-01170-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joimai:v:25:y:2024:i:4:d:10.1007_s12134-024-01170-9

Ordering information: This journal article can be ordered from
https://www.springer ... tudies/journal/12134

DOI: 10.1007/s12134-024-01170-9

Access Statistics for this article

Journal of International Migration and Integration is currently edited by Lori Wilkinson

More articles in Journal of International Migration and Integration from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().