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International Journal of Scientific and Engineering Research
ISSN Online 2229-5518
ISSN Print: 2229-5518 10    
Website: http://www.ijser.org
scirp IJSER >> Volume 2, Issue 10, October 2011 Edition
The Macroeconomic Determinants of Remittances in Bangladesh: An Empirical Analysis
Full Text(PDF, 3000)  PP.  
Md. Mahmud Hasan Shah, Md. Zobayer Bin Amir
Remittances, Migration, National Accounts, Stationarity, Cointegration, Error Correction
Conventional wisdom in the economics of migration holds that remittance receipts may be a more stable source of capital for developing countries than official Development Assistance or private financial capital. We use national accounts data to analyze movements in remittance flow to Bangladesh from 1975- 2010 against these series, as well as GDP at current price, Remittances, Oil Price, Foreign Exchange Rate and Number of Migrant. The paper applied Augmented Dickey Fuller and Phillips-Perron to check the stationarity of the time series, and then we find the long run stable relationship by Granger Residual Based and Johansen's coingegration test. Applying the error correction mechanism has stable relationship in Bangladesh in the short as well as in the long run.
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