An examination of the remittance, financial development, and economic growth in developing countries
2013 (English)In: Journal of Economic and Financial Modelling, ISSN 2322-0503 (Print), 2322-0511 (online), Vol. 1, no 1, 47-55 p.Article in journal (Refereed) Published
Place, publisher, year, edition, pages
2013. Vol. 1, no 1, 47-55 p.
remittance; finance development; economic growth; top remittance receiving countries
IdentifiersURN: urn:nbn:se:liu:diva-102728OAI: oai:DiVA.org:liu-102728DiVA: diva2:681212
In this paper, we examine the causal relations betweenremittance, financial development, and economic growth indeveloping countries during the period of 1971–2010. We apply newmethods based on simulations. Our ARDL-ECM estimation resultsdisclose that the relations between remittance, financialdevelopment, and economic growth are country specific. Long-runbidirectional causality exists between remittance and economicgrowth in Bangladesh. Short-run unidirectional causality betweeneconomic growth and remittance exists in India. Reverse causalityexists for Mexico and the Philippines. Remittance can play animportant impact on the economic and financial development of therecipient countries.2013-12-192013-12-192016-07-01Bibliographically approved