DOES REMITTANCE INFLOW PROMOTE FINANCIAL DEVELOPMENT IN SOUTH ASIA?
Journal Title: Asian Journal Social Sciences & Humanities - Year 2016, Vol 5, Issue 2
Abstract
Even though remittance income has become one of the major sources of external finance for South Asian countries, its influence on financial development of the region has not been sufficiently examined. This paper studies the relationship concerning three established indicators of financial development (Deposit/ GDP, Private credit/GDP and M2 money/GDP) with remittance inflow for five South Asian countries(Bangladesh, India, Nepal, Pakistan, Sri Lanka). Assuming panel heterogeneity for our model we have conducted panel unit root test, ECM based panel co-integration test and Dynamic OLS method to estimate the long run relationship. Using newly constructed data from 1990 to 2014, we find that remittance inflow has positively impacted the factors of financial development. The results indicate that remittance inflow plays an essential role in improving total deposit, private credit and M2 money of South Asian countries.
Authors and Affiliations
Rezwanul Hasan Rana, Faria Tasneem
Keywords
Related Articles
- EP ID EP201973
- DOI -
- Views 86
- Downloads 0
The Elderly Project: Attitude of Gratitude Group Intervention
This developed group manual intends to help the elderly who are suffering from loneliness and isolation to gain control over their negative emotions. The aim of this manual is for this special population to improve their...
PERCEPTION OF PROSPECTIVE TEACHERS OF PITE REGARDING WEAK AREAS OF COMPONENT OF TEACHING PRACTICUM IN ADE PROGRAM
The present study was focused on to the perceptions of prospective teachers about the weak areas of the component of teaching practicum in Associate degree in education (ADE) program.so this study set two parameters 1) l...
GENESIS & EVOLUTION OF PAKISTAN TEHREEK-E-INSAF (1996-2017)
Political parties exist in all countries having democratic, semi-democratic or despotic government. Political parties are imperative for the success of democracy. Political party makes a difference between democracy and...
ASSESSING THE EFFECTIVENESS OF THE NIGERIAN COMPULSORY ACQUISITION PRACTICE IN ROAD INFRASTRUCTURAL PROVISION IN RIVERS STATE
This study examines the effectiveness of the current acquisition and valuation practice. The paper is focused on the existing process and practice of compulsory land acquisition in road infrastructure and investigates th...
Personal Names as an Inter-Ethnic Model of Acculturation in Indonesia
Research on the subject of personal names is an interesting source for discovering the development of the thoughts, ideas, traditions, and life patterns of a person in an underlying collective. The specific goal of this...