Abstract
This analyzed the impact of remittances on growth in developing countries i.e. South Asian countries during 1981-2018. They are considered the major remittances recipients countries. The nature of the data is panel; therefore, Panel unit root tests and panel ARDL technique are employed. Unit root tests reported mixed order of stationarity. ARDL results revealed that remittances positively affect growth in both the short and long runs. Controlled variables are also used in the model which do not affect growth in the short while affect positively in the in the long run. The results of the short run for individual country case is a little different, we founded that remittances affect growth positively but the value of coefficient and significance level are different for different countries which confirms the disparity in contribution to growth. Therefore, this study suggests that different inflows of remittances should be deal differently on the basis of its contribution to different economies.
Keyword(s)
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