தனியார் மாற்றல்களும் பொருளாதார வளர்ச்சியும் : தெற்காசிய நாடுகளிலிருந்தான அநுபவம்

Abstract

The objective of this study is to test the relationship between workers’ remittances and economic growth in Sri Lanka, Pakistan, Bangladesh, India and Nepal. In this study, the Johansen cointegration technique, and Granger causality test were employed. The findings of this study show that workers’ remittances have a positive relationship with the economic growth in Sri Lanka, India, Bangladesh, and Nepal, but have a negative relationship with Pakistan’s economic growth. In the meantime, this study finds that the bidirectional causality between workers’ remittances and economic growth in Sri Lanka and Nepal but there is unidirectional causality from workers’ remittances to economic growth in Pakistan, Bangladesh and India.