The Impact of Remittances from Overseas Workers on Economic Expansion at Home: Evidence from Bangladesh

1
Mahadi Hasan,
Mahadi Hasan,
2
Mahadi Hasan
Mahadi Hasan
3
Md. Saiful Islam
Md. Saiful Islam
4
Hillol Fouzder
Hillol Fouzder
1 Rupali Bank Limited, University of Barishal, Jatiya Kabi Kazi Nazrul Islam University, Mymensingh, Bangladesh.
3 Khulna University of Engineering and Technology (KUET)

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The purpose of this research is to determine whether or not the money that Bangladeshi migrant workers send back to their families has an impact on the overall pace of economic growth in Bangladesh. The multiple regression model is used as an analytical technique in this study to estimate yearly timeseries data and parameters from 1999 to 2021. The study covers the time period from 1999 to 2021. The data from realworld applications provides credence to the theory that there is a significant and beneficial connection between the money that migrant workers send back to their families and the expansion of the economy. Other alterations in rules, such as those concerning gross capital creation and the size of the labor force, are also statistically significant. However, direct foreign investment is not included in these alterations. This article examines some significant research that demonstrates the significance of remittances sent by migrant workers as a means of contributing to the expansion of the economy. In addition, the length of the research, the estimating methodologies that were employed, as well as the variability of the controls, were all different from those that were used in prior studies. In conclusion, the empirical findings that have been developed are quite sound.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Mahadi Hasan,. 2026. \u201cThe Impact of Remittances from Overseas Workers on Economic Expansion at Home: Evidence from Bangladesh\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 22 (GJMBR Volume 22 Issue B3): .

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High-quality alt text highlighting remittances from overseas workers and their effects on home and economy.
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GJMBR Volume 22 Issue B3
Pg. 21- 28
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: DDC Code: 331.625910593 LCC Code: HD5856.B93
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July 12, 2022

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The purpose of this research is to determine whether or not the money that Bangladeshi migrant workers send back to their families has an impact on the overall pace of economic growth in Bangladesh. The multiple regression model is used as an analytical technique in this study to estimate yearly timeseries data and parameters from 1999 to 2021. The study covers the time period from 1999 to 2021. The data from realworld applications provides credence to the theory that there is a significant and beneficial connection between the money that migrant workers send back to their families and the expansion of the economy. Other alterations in rules, such as those concerning gross capital creation and the size of the labor force, are also statistically significant. However, direct foreign investment is not included in these alterations. This article examines some significant research that demonstrates the significance of remittances sent by migrant workers as a means of contributing to the expansion of the economy. In addition, the length of the research, the estimating methodologies that were employed, as well as the variability of the controls, were all different from those that were used in prior studies. In conclusion, the empirical findings that have been developed are quite sound.

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The Impact of Remittances from Overseas Workers on Economic Expansion at Home: Evidence from Bangladesh

Mahadi Hasan
Mahadi Hasan
Md. Saiful Islam
Md. Saiful Islam Khulna University of Engineering and Technology (KUET)
Hillol Fouzder
Hillol Fouzder

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