Remittances and economic growth: empirical evidence from bangladesh india and sri lanka



Download 268.65 Kb.
Page1/14
Date09.04.2018
Size268.65 Kb.
  1   2   3   4   5   6   7   8   9   ...   14




ECONOMICS

REMITTANCES AND ECONOMIC GROWTH:

EMPIRICAL EVIDENCE FROM BANGLADESH INDIA AND SRI LANKA

by

Abu Siddique
Business School

The University of Western Australia


E A Selvanathan and Saroja Selvanathan
Griffith Business School

Griffith University Queensland

DISCUSSION PAPER 10.27

REMITTANCES AND ECONOMIC GROWTH:

EMPIRICAL EVIDENCE FROM BANGLADESH

INDIA AND SRI LANKA*

Abu Siddique

Business School

The University of Western Australia


and
E A Selvanathan and Saroja Selvanathan

Griffith Business School

Griffith University Queensland

August 2010

Discussion Paper 10.27

Abstract:

In many developing countries, remittance payments from migrant workers are increasingly becoming a significant source of export income. This paper investigates the causal link between remittances and economic growth in three countries, Bangladesh, India and Sri Lanka, by employing the Granger causality test under a VAR framework (Granger 1988). Using time series data over a 25 year period, we found that growth in remittances does lead to economic growth in Bangladesh. In India, there seems to be no causal relationship between growth in remittances and economic growth; but in Sri Lanka, a two-way directional causality is found; namely economic growth influences growth in remittences and vice-versa. The paper also discusses a number of policy issues arising from the results of the analysis in relation to remittances in association with liberalisation of financial institutions, gender issues, regulation and enforcement, investment and savings schemes, and promotion and education.



* The authors would like to thank Professor K W Clements of the University of Western Australia for his comments on an earlier version of the paper.




Share with your friends:
  1   2   3   4   5   6   7   8   9   ...   14


The database is protected by copyright ©psyessay.org 2017
send message

    Main page
mental health
health sciences
gandhi university
Rajiv gandhi
Chapter introduction
multiple choice
research methods
south africa
language acquisition
Relationship between
qualitative research
literature review
Curriculum vitae
early childhood
relationship between
Masaryk university
nervous system
Course title
young people
Multiple choice
bangalore karnataka
state university
Original article
academic performance
essay plans
social psychology
psychology chapter
Front matter
United states
Research proposal
sciences bangalore
Mental health
compassion publications
workplace bullying
publications sorted
comparative study
chapter outline
mental illness
Course outline
decision making
sciences karnataka
working memory
Literature review
clinical psychology
college students
systematic review
problem solving
research proposal
human rights
Learning objectives
karnataka proforma