Remittance and growth nexus: bootstrap panel granger-causality evidence from high remittance receiving countries

Citation

Ali, Hamisu Sadi and Law, Siong Hook and Yusop, Zulkornain (2018) Remittance and growth nexus: bootstrap panel granger-causality evidence from high remittance receiving countries. International Journal of Economics and Business Research, 15 (3). 312 - 324. ISSN 1756-9850; ESSN: 1756-9869

Abstract

The present paper examine the causal relationship between economic growth and remittances among the top ten highest remittance recipient countries in the world based on remittance to GDP ratio (Haiti, Honduras, Kyrgyz Republic, Lebanon, Lesotho, Moldova, Nepal, Samoa, Tajikistan, and Tonga). We applied Konya (2006) Bootstrap panel remittance inflows in the case of Lesotho, Nepal, Samoa, and Tajikistan. However, bidirectional causality exists in the case of Haiti whereby remittances cause economic growth and vice versa. Hence, the results reveal that, the causality between the two variables is both one way causality that run from remittances to growth and the other segment that run from economic growth to remittances, therefore the result is mainly country specific.

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Additional Metadata

Item Type:	Article
Divisions:	Faculty of Economics and Management
DOI Number:	https://doi.org/10.1504/IJEBR.2018.10011592
Publisher:	Inderscience
Keywords:	Remittances; Economic growth; Granger-causality; Konya; Cross-sectional dependence
Depositing User:	Ms. Nida Hidayati Ghazali
Date Deposited:	26 May 2020 19:22
Last Modified:	26 May 2020 19:22
Altmetrics:	https://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1504/IJEBR.2018.10011592
URI:	http://psasir.upm.edu.my/id/eprint/73765
Statistic Details:	View Download Statistic

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