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Role of Remittance for Improving Quality of Life: Evidence from Bangladesh

Author

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  • Mohammad A. H. PRADHAN
  • Gias Uddin KHAN

    (Shahjalal Universityof Science and Technology, Bangladesh)

Abstract

Remittance is a considerable source to influence the national economy. As the growing volume of remittance earning has positive impact on income, growth and poverty reduction, the potential contribution for improving quality of life of the domestic people need to be investigated. The main objective of the study was to analyse the contribution of remittance earning on the quality of life in Bangladesh. For the quality of life, HDI index, extensively accepted index consisting income, education and life expectancy, is used. This study covers the data for HDI and remittance earning from 1981 to 2011. The study employed the VEC (Vector Error Correction) model to analysis the desired relation between the variables. The estimated result shows the long run causality running from remittance to HDI. This result implies that the remittance has an influence on the quality of living in long run. To improve the quality of life, the government have the better choice to emphasis on the bottom level people for emigration after suitable training so that they can earn more; consequently send more remittances to their home country.

Suggested Citation

  • Mohammad A. H. PRADHAN & Gias Uddin KHAN, 2015. "Role of Remittance for Improving Quality of Life: Evidence from Bangladesh," Turkish Economic Review, KSP Journals, vol. 2(3), pages 160-168, September.
    • Handle: RePEc:ksp:journ2:v:2:y:2015:i:3:p:160-168
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    References listed on IDEAS

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    Cited by:

    1. Md. Monir Khan & Ratna Khatun & Asif Ahmed & Sunita Rani Das, 2022. "Macroeconomic Determinants of Remittance for Bangladesh: A Gravity Model Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 140-147, November.
    2. Khan, Adnan, 2020. "A Bibliography Search on International Migration and Remittances Literature during the period of 1971-2020: A Case of Bangladesh," MPRA Paper 108143, University Library of Munich, Germany, revised 2020.
    3. Sarker Masud & Islam Shahidul, 2018. "Impacts of International Migration on Socio-Economic Development in Bangladesh," European Review of Applied Sociology, Sciendo, vol. 11(16), pages 27-35, June.
    4. Khan, Adnan & Mrs, Sultana, 2021. "International Remittances Literature: A Study in Bangladesh during the period of 1971-2020," MPRA Paper 108290, University Library of Munich, Germany, revised 2021.

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    More about this item

    Keywords

    Workers; Remittance; Quality of life.;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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