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Purpose This paper aims to analyse that how the remittance effect the growth indicators like Employment, Export and Inflation in South Asian Region Countries(SAARC). Design/Methodology/Approach This paper examined the impact of remittances and economic indicators on the economic growth in SAARC region using panel data set for the period of 12/1994 to 12/2017. Our panel models are estimated using fixed effect model (FEM) or random effect model (REM) using Hausman (1978) specification test. Findings Remittances showed positive and statistically significant impact on economic growth of SAARC region. Though the coefficient is relatively low which may be due to the informal channels of transferring remittances. Export and employment also showed positive and significant impact on GDP. But, inflation have no significant impact on GDP in our sample. Research Implications Remittances have positive impact on economic growth and employment. This may encourage the overseas working force to send the remittances through formal way to predict the true magnitude of remittances. The government need to reduce the cost of transfer on remittances to discourage informal channels of remittance transfer.
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참고문헌 (33)
참고문헌 신청
Alkhathlan, A. / 2013 / The Nexus between Remittance Outflows and Growth : A Study of Saudi Arabia / Economic Modelling 33:695~700
Beck, T. / 2011 / What Explains the Price of Remittances? An Examination Across 119 Country Corridors / The World Bank Economic Review 25(1):105~131
Chami, R. / 2003 / Are Immigrant Remittances Flows a Source of Capital for Development
Docquier, F. / 2007 / Brain Drain in Developing Countries / The World Bank Economic Review 21(2):193~218
Dollar, D. / 1992 / Outward-oriented Developing Economies Really Do Grow More Rapidly : Evidence from 95 LDCs, 1976-85 / Economic Development and Cultural Change 40(3):523~544
Beck, T. / 2011 / What Explains the Price of Remittances? An Examination Across 119 Country Corridors / The World Bank Economic Review 25(1):105~131
Chami, R. / 2003 / Are Immigrant Remittances Flows a Source of Capital for Development
Docquier, F. / 2007 / Brain Drain in Developing Countries / The World Bank Economic Review 21(2):193~218
Dollar, D. / 1992 / Outward-oriented Developing Economies Really Do Grow More Rapidly : Evidence from 95 LDCs, 1976-85 / Economic Development and Cultural Change 40(3):523~544
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