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Remittances, Financial Development and Economic Growth in Bangladesh
Linköping University, Department of Management and Engineering, Economics. Linköping University, The Institute of Technology.
Linköping University, Department of Management and Engineering, Economics. Linköping University, The Institute of Technology.ORCID iD: 0000-0002-8145-1000
2013 (English)Conference paper, Oral presentation with published abstract (Other academic)
Abstract [en]

In Bangladesh, remittances from migrant workers are an important component of national income and a source for financing consumption and investment. This paper investigates the relationship between remittances, financial sector development and economic growth in Bangladesh over the period of 1976-2011. We apply a cointegration approach to explore this relationship and find a long-run steady among these variables. In the long-run, the inflow of remittances and the expansion of the financial sector drive the growth in GDP, whereas in the short run remittances act a shock absorber to income changes. The policy implications are discussed in the text.

Place, publisher, year, edition, pages
2013.
Keyword [en]
Remittances, Output, Financial sector development, Remittances, Cointegration, Bangladesh
National Category
Economics
Identifiers
URN: urn:nbn:se:liu:diva-90045OAI: oai:DiVA.org:liu-90045DiVA: diva2:611801
Conference
Bridging the Policy-Action Divide: Challenges and Prospects for Bangladesh, University of California, Berkeley, USA, February 22-24, 2013
Available from: 2013-03-18 Created: 2013-03-18 Last updated: 2015-06-02

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Uddin, Gazi SalahSjö, Bo

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Citation style
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