IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/108290.html
   My bibliography  Save this paper

International Remittances Literature: A Study in Bangladesh during the period of 1971-2020

Author

Listed:
  • Khan, Adnan
  • Mrs, Sultana

Abstract

Remittance has become a major contributor to the Bangladeshi economy. As the emigrant workers from Bangladesh gradually increased over the years, the amount of annual remittance to the country significantly rose. In 1974, Wage Earners' Scheme was initiated in order to help the Non-resident Bangladeshis remit their earnings home through legal channels. The scheme soon became popular among the Bangladeshis working abroad. Some $11.8 million was remitted to Bangladesh in the fiscal year of 1974–75. The amount rose to over $350 million in the fiscal year of 1980-81 and to over $750 million in the fiscal year of 1990–91. Remittance is sent formally through various ways such as demand draft, traveler's check, telegraphic transfer, postal order, direct transfer, Automatic Teller Machine. etc. Hundi or money carrier system is prevalent as informal process of remittance sending in most cases. The most popular reasons behind the preference towards Hundi system is the absence of any transaction charges, its fast delivery and the opportunity to maintain confidentiality. This research paper is designed to provide an illustrated account of what kind of research has been done on these remittances at home and abroad over the past fifty years.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:108290
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/108290/1/MPRA_paper_108290.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sarkar, Md. Sujahangir Kabir & Rahman, Md. Zillur & Islam, Mohammad Muzahidul & Sikdar, Md. Mehedi Hasan & Khan, Abul Basher, 2018. "Relationship between Remittance and Economic Growth: Evidence from Bangladesh," American Journal of Trade and Policy, Asian Business Consortium, vol. 5(3), pages 93-98.
    2. Chowdhury, Mamta B., 2011. "Remittances flow and financial development in Bangladesh," Economic Modelling, Elsevier, vol. 28(6), pages 2600-2608.
    3. Farid, K.S & Mozumdar, L. & Kabir, M.S & Hossain, K.B, 2009. "Trends in international migration and remittance flows: Case of Bangladesh," Journal of the Bangladesh Agricultural University, Bangladesh Agricultural University Research System (BAURES), vol. 7.
    4. Abdulnasser Hatemi-J & Gazi Salah Uddin, 2014. "On the causal nexus of remittances and poverty reduction in Bangladesh," Applied Economics, Taylor & Francis Journals, vol. 46(4), pages 374-382, February.
    5. S. R. Osmani & Abdul Latif, 2013. "The Pattern and Determinants of Poverty in Rural Bangladesh: 2000-2010," Working Papers 18, Institute of Microfinance (InM).
    6. Hiroyuki Taguchi & Bikram Lama, 2016. "Do Emigrant¡¯s Remittances Cause ¡°Dutch Disease¡±? : The Case of Nepal and Bangladesh," Research in Applied Economics, Macrothink Institute, vol. 8(4), pages 1-15, December.
    7. Mannan, Kazi Abdul & Farhana, Khandaker Mursheda, 2014. "Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy," MPRA Paper 60309, University Library of Munich, Germany.
    8. Osmani, S. R. & Latif, Muhammad Abdul, 2013. "The Pattern and Determinants of Poverty in Rural Bangladesh: 2000-2010," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 36(2), pages 1-41, June.
    9. Mehdi Chowdhury*, 2015. "Households’ characteristics and the modes of remittances in Bangladesh," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(4), pages 167-195, October-D.
    10. Syed Naimul Wadood & Md. Amzad Hossain, 2017. "Microeconomic impact of remittances on household welfare: Evidences from Bangladesh," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(1), pages 10-29, March.
    11. Kanchan Datta & Bimal Sarkar, 2014. "Relationship between Remittances and Economic Growth in Bangladesh: An Econometric Study," Bangladesh Development Research Working Paper Series (BDRWPS) BDRWPS No. 19, Bangladesh Development Research Center (BDRC).
    12. MWR Khan, 2008. "The Micro Level Impact of Foreign Remittances on Incomes in Bangladesh: A Measurement Approach Using the Propensity Score," CPD Working Paper 73, Centre for Policy Dialogue (CPD).
    13. Biru Paksha PAUL & Anupam DAS, 2011. "The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh: Cointegration and Innovation Accounting," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(562)), pages 41-60, September.
    14. Gazi Mainul Hassan & Shamim Shakur, 2017. "Nonlinear Effects of Remittances on Per Capita GDP Growth in Bangladesh," Economies, MDPI, vol. 5(3), pages 1-11, July.
    15. 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.
    16. Mamta B. Chowdhury & Fazle Rabbi, 2014. "Workers' remittances and Dutch Disease in Bangladesh," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(4), pages 455-475, June.
    17. Hiranya Nath & Khawaja A. Mamun, 2010. "Workers’ Migration and Remittances in Bangladesh," Working Papers 1002, Sam Houston State University, Department of Economics and International Business.
    18. Dewan Muktadir-Al-Mukit & A. Z. M. Shafiullah & Anamul Haque Sajib, 2013. "Determination of Causality between Remittance and Import: Evidence from Bangladesh," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 3(3), pages 55-62, March.
    19. M W R Khan, 2008. "The Micro Level Impact of Foreign Remittances on Incomes in Bangladesh - A Measurement Approach Using the Propensity Score," Microeconomics Working Papers 22290, East Asian Bureau of Economic Research.
    20. Gazi M. Hassan & Mark J. Holmes, 2013. "Remittances and the real effective exchange rate," Applied Economics, Taylor & Francis Journals, vol. 45(35), pages 4959-4970, December.
    21. 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.
    22. Bezon Kumar & Md. Elias Hossain & Md. Ataul Gani Osmani, 2018. "Utilization of International Remittances in Bangladesh," Remittances Review, Remittances Review, vol. 3(1), pages 5-18, May.
    23. Bezon Kumar, 2019. "The Impact of International Remittances on Poverty Alleviation in Bangladesh," Remittances Review, Remittances Review, vol. 4(1), pages 67-86, May.
    24. Mr. Serdar Sayan, 2006. "Business Cycles and Workers' Remittances: How Do Migrant Workers Respond to Cyclical Movements of GDP At Home?," IMF Working Papers 2006/052, International Monetary Fund.
    25. Mannan, Kazi Abdul & Farhana, Khandaker Mursheda, 2015. "An arithmetic analysis of Bangladeshi sending migrants stock and remittance per capita in Malaysia," MPRA Paper 61782, University Library of Munich, Germany, revised 01 Feb 2015.
    26. Munim K. Barai, 2012. "Development Dynamics of Remittances in Bangladesh," SAGE Open, , vol. 2(1), pages 21582440124, January.
    27. Debapriya Bhattacharya & Mustafizur Rahman & Ananya Raihan, 2003. "Impact of Iraq War on Bangladesh Economy," CPD Working Paper 29, Centre for Policy Dialogue (CPD).
    28. Barua, Shubhasish & Majumder, Md. Alauddin & Akhtaruzzaman, Dr. Md., 2007. "Determinants of Workers’ Remittances in Bangladesh: An Empirical Study," MPRA Paper 15080, University Library of Munich, Germany.
    29. Anupam Das & Murshed Chowdhury, 2011. "Remittances and GDP Dynamics in 11 Developing Countries: Evidence from Panel Cointegration and PMG Techniques," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(42), pages 3-23, December.
    30. Kazi Abdul, Mannan & A.O, Krueger, 2004. "The Impact of Remittances on Household: An Empirical Study on the Bangladeshi Diaspora in United Kingdom," MPRA Paper 103741, University Library of Munich, Germany, revised 2004.
    31. Kazi Abdul, Mannan & V.V, Kozlov, 2005. "The Impact of Remittances on Labour Force in Bangladesh: An Empirical Analysis of Labour Participation and Employment," MPRA Paper 103797, University Library of Munich, Germany, revised 2005.
    32. Shahidur R. Khandker & Gayatri B. Koolwal & Hussain A. Samad, . "Handbook on Impact Evaluation : Quantitative Methods and Practices," World Bank Publications, The World Bank, number 2693, September.
    33. B. Bhaskara Rao & Gazi Mainul Hassan, 2012. "Are the Direct and Indirect Growth Effects of Remittances Significant?," The World Economy, Wiley Blackwell, vol. 35(3), pages 351-372, March.
    34. Dewan Muktadir-Al-Mukit & A. Z. M. Shafiullah & Anamul Haque Sajib, 2013. "Determination of Causality between Remittance and Import: Evidence from Bangladesh," International Journal of Business and Social Research, LAR Center Press, vol. 3(3), pages 55-62, March.
    35. Kazi Abdul, Mannan, 2020. "The Theory of Matriarchism: The Universal Origin of Human," MPRA Paper 101353, University Library of Munich, Germany, revised 2020.
    36. Mohammed Ziaul Haider & Tanbir Hossain & Ohidul Islam Siddiqui, 2016. "Impact of Remittance on Consumption and Savings Behavior in Rural Areas of Bangladesh," Journal of Business, LAR Center Press, vol. 1(4), pages 25-34, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Syed Naimul, Wadood & Nayeema Nusrat, Choudhury & Abul Kalam, Azad, 2023. "Does migration theory explain international migration from Bangladesh? a primer review," MPRA Paper 116611, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Bezon Kumar, 2019. "The Impact of International Remittances on Poverty Alleviation in Bangladesh," Remittances Review, Remittances Review, vol. 4(1), pages 67-86, May.
    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. Sena Kimm Gnangnon, 2019. "Remittances Inflows and Trade Policy," Remittances Review, Remittances Review, vol. 4(2), pages 117-142, October.
    5. Chrząstowska, Bożena, 2011. "Remittances Development and Growth: Macroeconomic Perspectives in Developing Country," MPRA Paper 104714, University Library of Munich, Germany, revised 2011.
    6. Anupam Das & Murshed Chowdhury, 2019. "Macroeconomic impacts of remittances in Bangladesh: The role of reverse flows," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 48(3), November.
    7. Binhan Elif, Yilmaz, 2011. "An Econometric Analysis of Remittances-Growth: A Macroeconomic Study in Developing Country," MPRA Paper 104371, University Library of Munich, Germany, revised 2011.
    8. Elena Vitalievna, Lebedeva, 2011. "Impacts of Remittances: Macroeconomic Perspectives in Sending Country," MPRA Paper 104790, University Library of Munich, Germany, revised 2011.
    9. Antonella, Barbarito, 2011. "Macroeconomic Determinants of Remittances: A Case of Developing Country," MPRA Paper 104736, University Library of Munich, Germany, revised 2011.
    10. Hossain, Sharif M. & Hosoe, Nobuhiro, 2020. "Welfare and equity impacts of cross-border factor mobility in Bangladesh: A general equilibrium analysis," Economic Modelling, Elsevier, vol. 87(C), pages 172-184.
    11. Mohammad Salahuddin & Jeff Gow, 2015. "The relationship between economic growth and remittances in the presence of cross-sectional dependence," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(1), pages 207-221, January-M.
    12. Anupam Das & Adian McFarlane & Luc Carels, 2021. "Empirical exploration of remittances and renewable energy consumption in Bangladesh," Asia-Pacific Journal of Regional Science, Springer, vol. 5(1), pages 65-89, February.
    13. Sk. Mahmudul Alam, Mahmud, 2012. "Microfinance institutions will be an important instrument to earn more remittance, send remittance and utilize remittance in Bangladesh," MPRA Paper 36459, University Library of Munich, Germany, revised 14 Feb 2012.
    14. Paresh Kumar Sarma & Mohammad Jahangir Alam & Ismat Ara Begum, 2023. "International remittances’ impact on household welfare and food security in Bangladesh: evidence from cross-sectional data," SN Business & Economics, Springer, vol. 3(1), pages 1-17, January.
    15. Gazi Mainul Hassan & Shamim Shakur, 2017. "Nonlinear Effects of Remittances on Per Capita GDP Growth in Bangladesh," Economies, MDPI, vol. 5(3), pages 1-11, July.
    16. Soma Rani Sutradhar, 2020. "The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 275-295, February.
    17. Bui, Thi Thanh Nga & Le, Thi Thanh Ngan & Daly, Kevin James, 2015. "Microlevel impacts of remittances on household behavior: Viet Nam case study," Emerging Markets Review, Elsevier, vol. 25(C), pages 176-190.
    18. Michael, Owiso, 2008. "Literature Review: Migration, Remittances and Development," MPRA Paper 104988, University Library of Munich, Germany, revised 2008.
    19. Ayse Ari, 2022. "Remittances and Energy Consumption: APanel Data Analysis for MENA Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 120-125.
    20. Flippo, Behnaz, 2009. "A Literature Review: Migration and Remittances," MPRA Paper 104877, University Library of Munich, Germany, revised 2009.

    More about this item

    Keywords

    remittances; migration; expatriate; diaspora; temporary; workers; labour; literature;
    All these keywords.

    JEL classification:

    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J69 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:108290. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.