%0 Journal Article
%T Emigrant¡¯s Remittances, Dutch Disease and Capital Accumulation in Bangladesh
%A Hiroyuki Taguchi
%A Rifah Tamannah Shammi
%J South Asian Journal of Macroeconomics and Public Finance
%@ 2321-0273
%D 2018
%R 10.1177/2277978718760070
%X This article examines varying macroeconomic impacts of international emigrant remittances in Bangladesh since 1976 by using a vector auto-regression (VAR) framework. Bangladesh has recorded better economic performance during last two decades, 1996¨C2014, compared to earlier two decades, 1976¨C1995. The time-series analysis therefore uncovers some transition in the remittance impacts composed of the ¡®Dutch Disease¡¯ effect and the capital accumulation effect. The empirical results reveal the existence of the Dutch Disease effect for the first period, 1976¨C1995, but turned to show the positive impact on capital accumulation for the second period, 1996¨C2014. We speculate that the recent manufacturing-oriented policies together with institutional improvements have contributed to the transformation in the remittance impact towards a positive direction between two periods. JEL: F22, F39, O5
%K Bangladesh
%K emigrant¡¯s remittances
%K Dutch Disease
%K capital accumulation
%K vector auto-regression estimation
%U https://journals.sagepub.com/doi/full/10.1177/2277978718760070