Does remittance inflow influence human development in south Asian countries? An empirical insight

Sahoo, Malayaranjan; Sucharita, Sanhita; Sethi, Narayan

doi:10.1002/bsd2.123

Cited by 8 publications

(4 citation statements)

References 58 publications

(77 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Some of these have analyzed the determinants of remittance (Akcay and Karasoy 2019b;El-Sakka and McNabb 1999;Mayda 2010;Al-Mashat and Billmeier 2012). Several others have examined the linear or nonlinear effect of remittance on macroeconomic fundamentals such as economic growth (Cooray 2012;Jawaid and Raza 2012;Olayungbo and Quadri 2019;Olayungbo et al 2020;Das and Sethi 2019;Karikari et al 2016;Imai et al 2014;Koay and Choong 2013), human development (Adenutsi 2010;Sahoo and Sethi 2021;Sahoo et al 2020), export and trade balance (Farzanegan and Hassan 2016;Jena and Sethi 2019), and electricity consumption (Akcay and Demirtas 2015;Sahoo and Sethi 2019).…”

Section: Empirical Reviewmentioning

confidence: 99%

Examining the asymmetric effects of oil price shocks on remittances inflows: evidence from Nigeria

Enisan

Ojo

2021

SN Bus Econ

View full text Add to dashboard Cite

This paper examines the asymmetric impact of oil prices on remittance inflows in Nigeria based on annual data over 1981-2018. The study employs the nonlinear autoregressive distributed lag approach, which allows testing the short-and long-run asymmetric response of remittances inflows to positive and negative innovations in oil prices. The results confirm a long-run relationship between remittance inflows, exchange rate, misery index, gross domestic product per capita, and oil prices. The results show that changes in oil price have an asymmetric effect on remittance inflows in the short run but not in the long run. Moreover, exchange rate appreciation and depreciation have different impact on remittances inflows in both the short and long run. Exchange rate depreciation hurts remittance inflows. GDP per capita harms remittances inflows not only in the short run but also in the long run. Nigerian authorities implement necessary measures to enhance the efficiency of migration process and ensure appropriate exchange rate value.

show abstract

Section: Empirical Reviewmentioning

confidence: 99%

Examining the asymmetric effects of oil price shocks on remittances inflows: evidence from Nigeria

Enisan

Ojo

2021

SN Bus Econ

View full text Add to dashboard Cite

show abstract

“…Huay et al (2019) found that the effect of remittances was statistically significant with positive coefficients in 67 developing economies. Sahoo et al (2020) found the positive effect of remittance on human development in South Asian countries. Ali Bare et al (2022) examined the effect of remittances on human capital development in sub-Saharan Africa.…”

Section: Literature Review Linking Remittance and Sedmentioning

confidence: 98%

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

Chand,

Singh

2024

JRFM

View full text Add to dashboard Cite

In this study, we aim to investigate the effects of remittance on sustainable economic development in 52 developing and emerging economies from 1996 to 2021. The study uses other variables such as real GDP per capita, total natural resource rents, globalization, and foreign direct investment. To achieve the mentioned objective, we apply a series of second-generation panel estimation approaches. These include CIPS unit root, Westerlund cointegration, cross-sectional augmented autoregressive distributed lag (CS-ARDL), and robustness using augmented mean group (AMG) and common correlated mean group (CCEMG). These methods are useful provided they are robust towards cross-country dependencies, slope heterogeneity, endogeneity, and serial correlation, which are disregarded in the conventional panel estimations. The empirical findings indicate that remittance accelerates sustainable economic development. Additionally, real GDP per capita and globalization also positively contribute towards sustainable economic development. However, total resource rents deteriorate sustainable economic development. This study offers key policy implications based on the empirical findings for the developing and emerging economies.

show abstract

“…This study finds that remittances positively impact the human capital formation in developing countries. Sahoo et al (2020) investigates the relationship between inflows of remittances and human capital in South Asia during 1990-2018. The Fisher residual cointegration technique, vector error correction mechanism, fully modified OLS and dynamic OLS techniques were applied in this study.…”

Section: Empirical Literaturementioning

confidence: 99%

Testing cointegration between workers' remittances and human capital formation in Sri Lanka

Aslam¹,

Sivarajasingham

2021

JEAS

View full text Add to dashboard Cite

PurposeThis study investigates the long-run relationship between workers' remittances and human capital formation in Sri Lanka by using the macro-level time series data during the period of 1975–2020.Design/methodology/approachIn this study, the augmented Dickey–Fuller (ADF) and Philips–Perron (PP) unit root tests, the autoregressive distributed lag (ARDL) bounds cointegration technique, the Granger causality test, the forecast error variance decomposition technique and impulse response function analysis were employed as the analytical techniques.FindingsIn accordance with the results of unit root tests, the variables used in this study are mixed order. Results of cointegration confirm that workers' remittances in Sri Lanka have both long-run and short-run beneficial relationship with human capital formation. The Granger causality test results indicate that there is a two-way causal relationship between workers' remittances and human capital formation. The results of forecast error variance decomposition expose that innovation of workers' remittances contributes to the forecast error variance in human capital in bell shape. Further, the empirical evidence of impulse response function analysis reveals that a positive standard deviation shock to workers' remittances has an immediate significant positive impact on human capital formation in Sri Lanka for a period of up to ten years.Practical implicationsThis research provides insights into the workers' remittances in human capital formation in Sri Lanka. The findings of this study provides evidence that workers' remittances help to produce human capital formation.Originality/valueBy using the ARDL Bounds cointegration and other techniques in Sri Lanka, this study fills an important gap in academic literature.

show abstract

Does remittance inflow influence human development in south Asian countries? An empirical insight

Abstract: This article investigate the relationship between human development, remittance inflows, and other macroeconomic variables like life expectancy, human capital, FDI,

Cited by 8 publications

References 58 publications

Examining the asymmetric effects of oil price shocks on remittances inflows: evidence from Nigeria

Examining the asymmetric effects of oil price shocks on remittances inflows: evidence from Nigeria

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

Testing cointegration between workers' remittances and human capital formation in Sri Lanka

Contact Info

Product

Resources

About