Remittances and Economic Growth Tie in Selected South Asian Countries: A Panel Data Analysis

Uddin, Md. Nezum; Uddin, Mohammed Jashim; Uddin, Joynal; Ahmmed, Monir

doi:10.5430/ijfr.v11n1p197

Cited by 8 publications

(5 citation statements)

References 20 publications

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“…We used panel data from 2003 till 2015 and used both the GLS method and PPML for the analysis. Also, to choose between random and fixed effect model the study adopted the Hausman test, basis on the previous studies (Behera and Sethi, 2022; Ali et al ., 2017; Rahman and Miah, 2017; Ayoub, 2019; Uddin et al ., 2020). The study set the period from 2003–2015 because it covers the three major subperiod, before PCFTA, during PCFTA implementation and After PCFTA implementation was completed.…”

Section: Materials and Methodmentioning

confidence: 99%

Does revealed comparative advantage matter in the gravity of FTAs?

Ahmed

Nazeer

Zahid

et al. 2023

JILT

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PurposeThis study attempts to recognize the effects of the Pakistan–China free trade agreements (PCFTA) on promoting trade between the two economies.Design/methodology/approachFollowing the concept of revealed comparative advantage (RCA) and free trade agreements, the study first identifies those commodities in which Pakistan and China have a robust RCA and then analyze the effect of PCFTA on the export value of those commodities for the bilateral trade between Pakistan and China. The study used the panel data in which more than the top 150 importers (j) have been selected for each case of Pakistan and China for the period of 2003–2015.FindingsThe study concludes that even with the higher convergence rate, the good RCA does not guarantee a positive effect of the free trade agreement on the commodities.Originality/valueThe study contributes to the existing literature by integrating RCA with the gravity model by adopting a sequential mode for Pakistan–China free trade agreement.

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Section: Materials and Methodmentioning

confidence: 99%

Does revealed comparative advantage matter in the gravity of FTAs?

Ahmed

Nazeer

Zahid

et al. 2023

JILT

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“…Cooray (2012Cooray ( ) used panel data spanning 1970Cooray ( -2008 to examine the association between remittances and economic growth in South Asia, where his study revealed a significant and favorable connection between remittances and economic growth. Uddin et al (2020) analyzed the impact of remittances on the economic growth of five selected South Asian countries for the period 1975-2017 which and found a positive relationship between remittances and economic growth, with remittances playing a catalyst role in promoting economic growth. They concluded that remittances have a significant positive effect on economic growth, possibly due to the consumption multiplier effect resulting from the large population of South Asia.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Remittances on Economic Growth in Africa: An Econometric Analysis

Amir,

Amir

2024

IJEFI

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We propose that natural disasters enable frequent and severe market manipulation. Remittances have impact on economic growth of African nations. We tested this proposition by employing panel data from 42 African nations from 2001 to 2020.The fixed effect model is representative of all models used in this study. The unemployment rate (UR) is used as an instrumental variable in the Generalized Momentum Method (GMM) estimation to reduce the endogeneity problem. This study suggests that remittances have a significant positive impact on the economic growth of African nations.

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“…It will impact on the rural economy of Bangladesh. The top remittance senders, as Saudi Arabia and UAE, are also affected by COVID-19, so Bangladesh receives lower remittances in February 2020 [31]. Many remittance receiving countries are astonished to find that funds sent by their migrant workers have soared during the pandemic.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC

Rafi¹

2021

IJBER

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Remittance has been one of the most vital behind the economic development of Bangladesh. But due to the global pandemic, remittance flow all over the world was disrupted. In Bangladesh also, the dynamism of remittance was disturbed but later on with the advancement of time it began to regain its momentum during the global pandemic. The main purpose of this paper is to evaluate the changes in the dynamics of remittance in Bangladesh that have occurred during the pandemic period and to observe the differences with that of the pre-covid period. Moreover, the major sources and purposes of remittance inflow both during the pandemic and also the pre-pandemic period will be evaluated for the timeframe of 2010-2020. Along with this a forecast has been made regarding the future dynamism or portrait of remittance inflow for the year 2021 from the perspective of Commercial Bank of Ceylon. To be exact, the main objective of the paper is to evaluate the change in the trend of dynamism of remittance flow due to the pandemic in Bangladesh from the perspective of Commercial Bank of Ceylon PLC. The paper is quantitative and descriptive in nature. Microsoft Excel and SPSS 27 has been used for the analysis of data. Results show that for the selected time frame the bank experienced a good growth in the remittance flows. During the pandemic the growth of inward remittance has reduced a bit. USA and Freight Charges were the major source and purpose of remittance in Commercial Bank of Ceylon for the last decade. From forecasting it was seen that the bank will enjoy a upward trend in inward remittance in 2021. In order to achieve the forecasted values and for efficient operations some useful recommendations have been provided in this paper. In conclusion, it can be said that as the bank is having a good trend in the dynamics of remittance, the dynamism of remittance in Bangladesh has not been altered majorly rather it is performing satisfactorily.

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Remittances and Economic Growth Tie in Selected South Asian Countries: A Panel Data Analysis

Cited by 8 publications

References 20 publications

Does revealed comparative advantage matter in the gravity of FTAs?

Does revealed comparative advantage matter in the gravity of FTAs?

Impact of Remittances on Economic Growth in Africa: An Econometric Analysis

Evaluation of the Dynamics of Remittance in Bangladesh During the Pandemic: A Study on Commercial Bank of Ceylon PLC

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