Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19?
Remittances are one of the major driving forces of economic growth in Bangladesh. The paper’s main objective is to empirically investigate the effect of COVID-19 on the remittance inflow to Bangladesh using a gravity model framework. We have employed monthly data of remittance inflow to Bangladesh f...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-11-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/11/11/285 |
| _version_ | 1797459548604203008 |
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| author | Gour Gobinda Goswami Munim Kumar Barai Mahnaz Aftabi Atique Mostafizur Rahman |
| author_facet | Gour Gobinda Goswami Munim Kumar Barai Mahnaz Aftabi Atique Mostafizur Rahman |
| author_sort | Gour Gobinda Goswami |
| collection | DOAJ |
| description | Remittances are one of the major driving forces of economic growth in Bangladesh. The paper’s main objective is to empirically investigate the effect of COVID-19 on the remittance inflow to Bangladesh using a gravity model framework. We have employed monthly data of remittance inflow to Bangladesh from January 2018 to September 2022 with its top twelve partners, namely the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman, Bahrain, Libya, the United Kingdom, Italy, Malaysia, Singapore, and Japan. Using the gravity equation, we tapped the COVID-19 dummy as the critical variable of our interest, along with COVID transmission, mortality, and vaccination data at home and abroad. Using Poisson pseudo-maximum likelihood (PPML), fixed-effect (FE), and random-effect (RE) estimations, we find that during the COVID-19 pandemic, remittance inflow to Bangladesh increased significantly after controlling for other Gravity variables. |
| first_indexed | 2024-03-09T16:53:59Z |
| format | Article |
| id | doaj.art-9a57554a7c974c91af6df5fe4dcc5e88 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-09T16:53:59Z |
| publishDate | 2023-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-9a57554a7c974c91af6df5fe4dcc5e882023-11-24T14:38:20ZengMDPI AGEconomies2227-70992023-11-01111128510.3390/economies11110285Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19?Gour Gobinda Goswami0Munim Kumar Barai1Mahnaz Aftabi Atique2Mostafizur Rahman3Department of Economics, School of Business and Economics, North South University, Dhaka 1229, BangladeshGraduate School of Management, Ritsumeikan Asia Pacific University, Beppu 874-8577, JapanDepartment of Economics, School of Business and Economics, North South University, Dhaka 1229, BangladeshDepartment of Economics, School of Business and Economics, North South University, Dhaka 1229, BangladeshRemittances are one of the major driving forces of economic growth in Bangladesh. The paper’s main objective is to empirically investigate the effect of COVID-19 on the remittance inflow to Bangladesh using a gravity model framework. We have employed monthly data of remittance inflow to Bangladesh from January 2018 to September 2022 with its top twelve partners, namely the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman, Bahrain, Libya, the United Kingdom, Italy, Malaysia, Singapore, and Japan. Using the gravity equation, we tapped the COVID-19 dummy as the critical variable of our interest, along with COVID transmission, mortality, and vaccination data at home and abroad. Using Poisson pseudo-maximum likelihood (PPML), fixed-effect (FE), and random-effect (RE) estimations, we find that during the COVID-19 pandemic, remittance inflow to Bangladesh increased significantly after controlling for other Gravity variables.https://www.mdpi.com/2227-7099/11/11/285COVID-19gravity modelremittance inflowBangladeshpanel dataSouth Asia |
| spellingShingle | Gour Gobinda Goswami Munim Kumar Barai Mahnaz Aftabi Atique Mostafizur Rahman Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? Economies COVID-19 gravity model remittance inflow Bangladesh panel data South Asia |
| title | Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? |
| title_full | Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? |
| title_fullStr | Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? |
| title_full_unstemmed | Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? |
| title_short | Did Remittance Inflow in Bangladesh Follow the Gravity Path during COVID-19? |
| title_sort | did remittance inflow in bangladesh follow the gravity path during covid 19 |
| topic | COVID-19 gravity model remittance inflow Bangladesh panel data South Asia |
| url | https://www.mdpi.com/2227-7099/11/11/285 |
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