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Utilization of International Remittances in Bangladesh

Author

Listed:
  • Bezon Kumar

    (Department of Economics, Varendra University, Bangladesh)

  • Md. Elias Hossain

    (Department of Economics, Rajshahi University, Rajshahi-6205, Bangladesh)

  • Md. Ataul Gani Osmani

    (Department of Economics, Varendra University, Rajshahi-6204, Bangladesh.)

Abstract

The study explores the significant factors and utilization of international remittance in Bangladesh by using primary data from 84 migrant households. The study applies multiple linear regression model estimated by OLS method. The estimated results find that household size, training, skill, years at abroad and earnings significantly affect international remittance in Bangladesh. This indicates migrants remit home motivated by mixed views like, altruistic, loan repayment and exchange view. The study also finds 50.01 percent of remittance is utilized only in consumption of food purpose. The study suggests arranging training and skill enhancing programs to migrants and creating investment opportunities.

Suggested Citation

  • Bezon Kumar & Md. Elias Hossain & Md. Ataul Gani Osmani, 2018. "Utilization of International Remittances in Bangladesh," Remittances Review, Transnational Press London, UK, vol. 3(1), pages 5-18, May.
  • Handle: RePEc:mig:remrev:v:3:y:2018:i:1:p:5-18
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    References listed on IDEAS

    as
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    2. Adams, Richard Jr. & Page, John, 2005. "Do international migration and remittances reduce poverty in developing countries?," World Development, Elsevier, vol. 33(10), pages 1645-1669, October.
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    5. El-Sakka, M. I. T. & McNabb, Robert, 1999. "The Macroeconomic Determinants of Emigrant Remittances," World Development, Elsevier, vol. 27(8), pages 1493-1502, August.
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    12. Raihan, Selim & H. Khondker, Bazlul & Sugiyarto, Guntur & Jha, Shikha, 2009. "Remittances and Household Welfare: A Case Study of Bangladesh," ADB Economics Working Paper Series 189, Asian Development Bank.
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