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A STUDY ON RELATIONSHIP BETWEEN REMITTANCES INFLOW AND ECONOMIC GROWTH IN CENTRAL ASIA

초록/요약

ABSTRACT This main goal of this paper is to empirically investigate the relationship between remittance inflow and economic growth in Central Asian countries (Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan and Central Asian pool). The research is based on time series data since independence of Central Asian countries from 1990 to 2013. The paper is going to test if remittances inflow has an impact on economic growth and to examine the feedback effect from GDP to remittances inflow. Empirical result shows that the remittance inflow positively affects to economic growth in Turkmenistan, Uzbekistan and Tajikistan. GDP growth positively effect to remittances increase in Kyrgyzstan and Uzbekistan. It was not found any significant relationship in Central Asian pool.

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목차

ABSTRACT i
ACKNOWLEDGEMENT ii
LIST OF ABBREVIATIONS iii
TABLE OF CONTENTS iv
LIST OF TABLES v
LIST OF FIGURES v
LIST OF MAP v
CHAPTER I 1
INTRODUCTION 1
1.1 Statement of the Problem 1
1.2 Significance of the study 2
1.3 Limitation of the study 3
CHAPTER II 4
OVERVIEW OF GDP AND REMITTANCES INFLOW IN CENTRAL ASIA 4
CHAPTER III 10
LITERATURE REVIEW 10
CHAPTER IV 14
METHODOLOGY AND DATA 14
4.1 Methodology 14
4.1.1 The Unit Root Test 15
4.2 Data 16
CHAPTER V 17
EMPIRICAL RESULT AND DISCUSSION 17
5.1 Model Specification and Estimation Result 17
5.1.1 Regression result 17
5.1.2 Testing Unit Roots 18
5.3 Diagnostic test 25
CHAPTER VI 29
CONCLUSION 29
REFERENCES 34
APPENDICES 37

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