REMITTANCES AND ECONOMIC GROWTH IN VIETNAM: AN ARDL BOUNDS TESTING APPROACH
Abstract
This paper investigates the relationship between remittances and economic growth in Vietnam during the period 1996-2012. To do that, we applied an autoregressive distributed lag (ARDL) bounds testing approach to co-integration; in addition, an error correction model derived from the ARDL model was used to examine short-run dynamics among variables. We provide empirical evidence that remittances have significant positive effects on economic growth in both the short and long run.
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Review
For citations:
Tung D. REMITTANCES AND ECONOMIC GROWTH IN VIETNAM: AN ARDL BOUNDS TESTING APPROACH. Review of Business and Economics Studies. 2015;3(1):80-88. (In Russ.)
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