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Remittances And Economic Growth In Vietnam: An Ardl Bounds Testing Approach

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  • D. Tung

    (Banking Academy of Vietnam)

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. Целью данной работы является исследование взаимосвязи денежных переводов с экономическим ростом во Вьетнаме в период с 1996 по 2012 гг. Основным методом исследования является выявление коинтеграции всплесков авторегрессии распределенного лага (ARDL). В дополнение используется метод коррекции ошибок (ECM), основанный на модели ARDL, с целью выявления связи между переменнымив краткосрочном периоде. В заключение мы приведем эмпирические свидетельства значимой и положительной взаимосвязи денежных переводов с экономическим ростом как в долгосрочном, так и в краткосрочном периоде.

Suggested Citation

  • D. Tung, 2015. "Remittances And Economic Growth In Vietnam: An Ardl Bounds Testing Approach," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 3(1), pages 80-88.
    • Handle: RePEc:scn:00rbes:y:2015:i:1:p:80-88
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    References listed on IDEAS

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