Remittances flow and financial development in Bangladesh

Mamta B. Chowdhury

doi:10.1016/j.econmod.2011.07.013

Remittances flow and financial development in Bangladesh

Mamta B. Chowdhury

School of Business

Research output: Contribution to journal › Article › peer-review

97 Citations (Scopus)

Abstract

Workers' remittance is a major source of foreign exchange earnings and plays an important role in the economy of Bangladesh. It accounts for 12% of GDP in 2010. This paper examines with annual data for 1971-2008, whether the flow of remittances is contributing positively to the development of the financial system of the country. Our results suggest that remittances have a significant positive effect on financial development. However, financial sector's development is neutral in its effect on the inflow of remittances.

Original language	English
Pages (from-to)	2600-2608
Number of pages	9
Journal	Economic Modelling
Volume	28
Issue number	6
DOIs	https://doi.org/10.1016/j.econmod.2011.07.013
Publication status	Published - 2011

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

Bangladesh
emigrant remittances
finance
transfer payments

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10.1016/j.econmod.2011.07.013

Cite this

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title = "Remittances flow and financial development in Bangladesh",

abstract = "Workers' remittance is a major source of foreign exchange earnings and plays an important role in the economy of Bangladesh. It accounts for 12\% of GDP in 2010. This paper examines with annual data for 1971-2008, whether the flow of remittances is contributing positively to the development of the financial system of the country. Our results suggest that remittances have a significant positive effect on financial development. However, financial sector's development is neutral in its effect on the inflow of remittances.",

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AB - Workers' remittance is a major source of foreign exchange earnings and plays an important role in the economy of Bangladesh. It accounts for 12% of GDP in 2010. This paper examines with annual data for 1971-2008, whether the flow of remittances is contributing positively to the development of the financial system of the country. Our results suggest that remittances have a significant positive effect on financial development. However, financial sector's development is neutral in its effect on the inflow of remittances.

KW - Bangladesh

KW - emigrant remittances

KW - finance

KW - transfer payments

UR - http://handle.uws.edu.au:8081/1959.7/526243

U2 - 10.1016/j.econmod.2011.07.013

DO - 10.1016/j.econmod.2011.07.013

M3 - Article

SN - 0264-9993

VL - 28

SP - 2600

EP - 2608

JO - Economic Modelling

JF - Economic Modelling

IS - 6

ER -

Remittances flow and financial development in Bangladesh

Abstract

UN SDGs

Keywords

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