The macroeconomic determinants of remittances in Bangladesh

Mohammad Monirul Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the macroeconomic determinants of workers’ remittances in Bangladesh. Various regressions in the paper find that the macroeconomic variables such as inflation, interest rate, exchange rate of Bangladesh and GDP of the five remittance sending countries have significant impact on remittance. In the analysis it is found that if the domestic interest rate goes up by 1%, on average, then the remittance will increase by 1.94%. Therefore, remittance in Bangladesh is very responsive to changes in the domestic interest rate. Again, if the GDP of the rest of the five countries increases by 1%, then remittance will increase by 3.06 %

Keywords: Remittance; inflation; interest rate; exchange rate (search for similar items in EconPapers)
JEL-codes: E43 F24 F31 F4 P24 (search for similar items in EconPapers)
Date: 2008-02, Revised 2010-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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