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- Title
THE IMPACT OF REMITTANCES ON INFLATION IN SOUTH ASIAN ASSOCIATION FOR REGIONAL COOPERATION (SAARC)COUNTRIES.
- Authors
Noorzai, Mohammad Tawfiq
- Abstract
This research investigates the impact of remittances on inflation in South Asian Association for Regional Cooperation (SAARC) countries, focusing on Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan, and Sri Lanka. Remittances, defined as monetary transfers from workers residing abroad to their home countries, play a vital role in the economies of these nations. The study explores the relationship between remittances and inflation over the period 2008 to 2020, considering variables such as broad money supply, inflation, imports, government expenditure, GDP, and exports. The research employs a rigorous Panel Fixed Effects model, chosen based on the Hausman Test results, to account for individual-specific effects across cross-sectional units. The findings reveal that inflation, imports, government expenditure, and exports significantly influence remittance dynamics, with a high R-squared value of 0.998797 indicating strong explanatory power. The research contributes to the limited literature on the subject in SAARC countries, offering valuable insights into the economic implications of remittances on inflation.
- Subjects
REGIONAL cooperation; SOUTH Asian Association for Regional Cooperation; REMITTANCES; ECONOMIC impact; PRICE inflation; PUBLIC spending; MONEY supply
- Publication
Sakarya Journal of Economics / Sakarya Iktisat Dergisi, 2024, Vol 13, Issue 1, p23
- ISSN
2147-0790
- Publication type
Article