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Impact of Remittance Income on House Prices: Evidence from Bangladesh

Author

Listed:
  • Kh. A. Mottaleb

    (International Maize and Wheat Improvement Center)

  • Seydina Ousmane Sene

    (Louisiana State University)

  • Ashok K. Mishra

    (Louisiana State University)

Abstract

During the past three decades, the Bangladesh economy has been characterized by higher economic growth, and record levels of remittance income from both foreign and domestic sources. By using household data, and ordinary least squares (OLS) and quantile regressions, this study explores the factors that affect house prices in Bangladesh. Particular attention is given to the role of domestic and foreign remittance incomes. The results reveal that both domestic and foreign remittance incomes have positive and significant effects on housing prices in Bangladesh. The results from this study indicate that house prices and estimated prices of housing attributes may reflect the fact that housing attributes are not priced the same across a given distribution of house prices. Furthermore, the quantile regression shows that unlike the single OLS estimate, parameter estimates differ along the distribution of house prices per square feet.

Suggested Citation

  • Kh. A. Mottaleb & Seydina Ousmane Sene & Ashok K. Mishra, 2016. "Impact of Remittance Income on House Prices: Evidence from Bangladesh," International Real Estate Review, Global Social Science Institute, vol. 19(1), pages 98-119.
    • Handle: RePEc:ire:issued:v:19:n:01:2016:p:98-119
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    References listed on IDEAS

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    Cited by:

    1. Jahan Abdul Raheem & Gazi M. Hassan & Mark J. Holmes, 2021. "The Impact of Remittances on Monetary Transmission Mechanisms during the Pre and Post-Conflict Eras in Sri Lanka," Working Papers in Economics 21/10, University of Waikato.
    2. Sarah Lynne Salvador Daway-Ducanes & Maria Socorro Gochoco-Bautista, 2019. "Manufacturing and Services Growth in Developing Economies: ‘Too Little’ Finance?," Progress in Development Studies, , vol. 19(1), pages 55-82, January.

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    More about this item

    Keywords

    Developing Country; Hedonic Price Functions; Quantile Regression; House Price; Housing Market; Remittance Income; Bangladesh;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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