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Abstract

This paper examines the macroeconomic determinants of workers’ remittances in Bangladesh. Various regressions in the paper find that the macroeconomic variables such as inflation, interest rate, exchange rate of Bangladesh and GDP of the five remittance sending countries have significant impact on remittance. In the analysis it is found that if the domestic interest rate goes up by 1%, on average, then the remittance will increase by 1.94%. Therefore, remittance in Bangladesh is very responsive to changes in the domestic interest rate. Again, if the GDP of the rest of the five countries increases by 1%, then remittance will increase by 3.06 %



Item Type: MPRA Paper -

Original Title: The macroeconomic determinants of remittances in Bangladesh-

Language: English-

Keywords: Remittance; inflation; interest rate; exchange rate-

Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E43 - Interest Rates: Determination, Term Structure, and EffectsF - International Economics > F4 - Macroeconomic Aspects of International Trade and FinanceP - Economic Systems > P2 - Socialist Systems and Transitional Economies > P24 - National Income, Product, and Expenditure ; Money ; InflationF - International Economics > F3 - International Finance > F31 - Foreign ExchangeF - International Economics > F2 - International Factor Movements and International Business > F24 - Remittances-





Author: Hasan, Mohammad Monirul

Source: https://mpra.ub.uni-muenchen.de/27744/







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