675
Views
19
CrossRef citations to date
0
Altmetric
Research Article

Remittances and financial development in Bangladesh: substitutes or complements?

ORCID Icon

References

  • Aggarwal, R., A. Demirgüç-Kunt, P. Martínez, and S. Maria. 2011. “Do Remittances Promote Financial Development?” Journal of Development Economics 96: 255–264. doi:10.1016/j.jdeveco.2010.10.005.
  • Batten, A., P. Doung, E. Enkhbold, G. Estrada, J. Hansen, G. Luarsabishvili, G. Mortaza, and D. Park. 2015. “The Financial Systems of Financially Less Developed Asian Economies: Key Features and Reform Priorities.” ADB Economics Working Paper Series, 450: 1–22.
  • Beck, T., A. Demirgüç-Kunt, and R. Levine. 2003. “Law, Endowments, and Finance.” Journal of Financial Economics 70 (2): 137–181. doi:10.1016/S0304-405X(03)00144-2.
  • Bettin, G., A. F. Presbitero, and N. L. Spatafora. 2017. “Remittances and Vulnerability in Developing Countries.” The World Bank Economic Review 31 (1): 1–23. doi: 10.1093/wber/lhv053.
  • Bhattacharya, M., J. Inekwe, and S. R. Paramati. 2018. “Remittances and Financial Development: Empirical Evidence from Heterogeneous Panel of Countries.” Applied Economics 50 (38): 4099–4112. doi:10.1080/00036846.2018.1441513.
  • Brown, R. P., and F. Carmignani. 2015. “Revisiting the Effects of Remittances on Bank Credit: A Macro Perspective.” Scottish Journal of Political Economy 62 (5): 454–485. doi:10.1111/sjpe.12086.
  • Brown, R. P. C., F. Carmignani, and G. Fayad. 2013. “Migrants’ Remittances and Financial Development: Macro‐and Micro‐Level Evidence of a Perverse Relationship.” The World Economy 36: 636–660. doi:10.1111/twec.12016.
  • Chinn, M. D., and H. Ito. 2008. “A New Measures of Financial Openness.” Journal of Comparative Policy Analysis 10 (3): 307–320. doi:10.1080/13876980802231123.
  • Chowdhury, B. M. 2011. “Remittances Flow and Financial Development in Bangladesh.” Economic Modelling 28 (6): 2600–2608. doi:10.1016/j.econmod.2011.07.013.
  • De Nardi, M., E. French, and J. B. Jones. 2006. “Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles.” Technical report, National Bureau of Economic Research.
  • Easterly, W., and R. Levine. 1997. “Africa’s Growth Tragedy: Policies and Ethnic Divisions.” Quarterly Journal of Economics 112 (4): 1203–1250. doi:10.1162/003355300555466.
  • Esteves, R., and D. Khoudour-Castéras. 2011. “Remittances, Capital Flows and Financial Development during the Mass Migration Period, 1870–1913.” European Review of Economic History 15: 443–474. doi:10.1017/S1361491611000037.
  • Freedom House. 2019. “Freedom in the World Comparative and Historical Data: Country and Territory Ratings and Statuses, 1973–2019.” Accessed 22 June 2019 https://freedomhouse.org/report-types/freedom-world
  • Fromentin, V. 2017. “The Long-run and Short-run Impacts of Remittances on Financial Development in Developing Countries.” The Quarterly Review of Economics and Finance 66: 192–201. doi:10.1016/j.qref.2017.02.006.
  • Gygli, S., F. Haelg, N. Potrafke, and S. Jan-Egbert. 2019. “The KOF Globalization Index-revisited.” Review of International Organization. doi:10.1007/s11558-019-09344-2.
  • Helliwell, J. 1994. “Empirical Linkages between Democracy and Economic Growth.” British Journal of Political Science 24 (2): 225–248. doi:10.1017/S0007123400009790.
  • Issahaku, H., J. Y. Abor, and S. K. Harvey. 2017. “Remittances, Banks and Stock Markets: Panel Evidence from Developing Countries.” Research in International Business and Finance 42: 1413–1427. doi:10.1016/j.ribaf.2017.07.080.
  • Kakhkharov, J., and N. Rohde. 2019. “Remittances and Financial Development in Transition Economies.” Empirical Economics. doi:10.1007/s00181-019-01642-3.
  • La Porta, R. L., F. Lopez-de-Silane, A. Shleifer, and R. W. Vishny. 1998. “Law and Finance.” Journal of Political Economy 106 (6): 1113–1155. doi:10.1086/250042.
  • Levine, R. 2005. “Finance and Growth: Theory and Evidence.” In Handbook of Economic Growth, edited by P. Aghion and N. D. Stephen, 885–934. Vol. 1A. Amsterdam: Elsevier B. V. doi:10.1016/S1574-0684(05)01012-9.
  • Lind, J. T., and H. Mehlum. 2010. “With or without U? the Appropriate Test for a U-shaped Relationship.” Oxford Bulletin of Economics and Statistics 72 (1): 109–118. doi:10.1111/j.1468-0084.2009.00569.x.
  • Loayza, N. V., and R. Ranciere. 2006. “Financial Development, Financial Fragility, and Growth.” Journal of Money, Credit and Banking 38: 1051–1076. doi:10.1353/mcb.2006.0060.
  • Marshall, M. G., and T. R. Gurr. 2011. “Polity IV Project.” University of Maryland. http://www.systemicpeace.org/polity/polity4.htm
  • Mishkin, F. S. 2009. “Globalization and Financial Development.” Journal of Development Economics 89 (2): 164–169. doi:10.1016/j.jdeveco.2007.11.004.
  • Opperman, P., and C. K. D. Adjasi. 2019. “Remittance Volatility and Financial Sector Development in sub-Saharan African Countries.” Journal of Policy Modeling 41 (2): 336–351. doi:10.1016/j.jpolmod.2018.11.001.
  • Pesaran, M. H., Y. Shin, and R. J. Smith. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships.” Journal of Applied Econometrics 16: 289–326. doi:10.1002/jae.616.
  • Phillips, P. C. B., and P. Perron. 1988. “Testing for a Unit Root in Time Series Regression.” Biometrika 75 (2): 335–346. doi:10.2307/2336182.
  • Rajan, R. G., and L. Zingales. 2003. “The Great Reversals: The Politics of Financial Development in the Twentieth Century.” Journal of Financial Economics 69 (1): 5–50. doi:10.1016/S0304-405X(03)00125-9.
  • Robin, I., R. Salim, and H. Bloch. 2018. “Financial Performance of Commercial Banks in the Post-reform Era: Further Evidence from Bangladesh.” Economic Analysis and Policy 58: 43–54. doi:10.1016/j.eap.2018.01.001.
  • Shahbaz, M., B. Mita, and K. M. Mantu. 2018. “Financial Development, Industrialization, the Role of Institutions and Government: A Comparative Analysis between India and China.” Applied Economics 50 (17): 1952–1977. doi:10.1080/00036846.2017.1383595.
  • Sirowy, L., and A. Inkeles. 1990. “The Effects of Democracy on Growth and Inequality: A Review.” Studies in Comparative International Development 25 (1): 126–157. doi:10.1007/BF02716908.
  • Svirydzenka, K. 2016. “Introducing a New Broad-Based Index of Financial Development.” IMF Working Paper January: 1–43. doi:10.5089/9781513583709.001.
  • Traverso, S. 2016. “How to Escape from a Poverty Trap: The Case of Bangladesh.” World Development Perspectives 4: 48–59. doi:10.1016/j.wdp.2016.12.005.
  • Uddin, G. S., and B. Sjö. 2013. “Remittances, Financial Development and Economic Growth in Bangladesh.” South Asia Economic Journal 14 (2): 261–273. doi:10.1177/1391561413500174.
  • World Bank. 2018. “World Development Indicators.” Accessed 10 June 2018 https://devdata.worldbank.org/dataonline

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.