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WORLD Vol. 5 No. 4 Sep 2011

CAUSAL LINK BETWEEN REMITTANCES AND ECONOMIC
GROWTH: A STUDY ON BANGLADESH ECONOMY

Md. Shamimul Islam Assistant Professor, Department Of Economics, Comilla University, Comilla.

Abstract

In this paper the causal relationship between Remittances and Economic Growth of Bangladesh Economy for the period 1976-2010 is studied. For this purpose, the stationary property of these two variables has been tested with the help of Augmented Dickey Fuller Unit Root test. Then Johansen Co-integration test is used to verify whether the two variables are co-integrated or not. Finally the direction of the relationship between the two variables is examined with the help of Granger Causality test. The result indicates that, there exists bilateral causality between the two variables and that is Government of Bangladesh should give more emphasis to enhance both economic growth and Remittance inflow.

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