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The impact of COVID-19 Pandemic on the Inflow of Remittances: Perspective of Bangladesh

Author

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  • Das, Bijoy Chandra
  • Sutradhar, Soma Rani

Abstract

This paper evaluates the impact of COVID-19 pandemic on the inflow of remittances in Bangladesh. A Tableau dashboard is designed on total remittance received and COVID-19 confirmed cases along with the death of remitter countries for January and February of 2020. This pandemic has already been declined remittance inflow. Scenario analysis is calculated on remittances of 2018-19 to represent the inflow of remittance for evaluating the impact of COVID-19 on the economy of Bangladesh for short, medium, and long term. Currently, the remitter countries are locked down, closed the businesses, made the people jobless. This study indicates the negative effect of COVID-19 on remittance inflow, ultimately on GDP growth.

Suggested Citation

  • Das, Bijoy Chandra & Sutradhar, Soma Rani, 2020. "The impact of COVID-19 Pandemic on the Inflow of Remittances: Perspective of Bangladesh," MPRA Paper 101083, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101083
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    References listed on IDEAS

    as
    1. Soma Rani Sutradhar, 2020. "The impact of remittances on economic growth in Bangladesh, India, Pakistan and Sri Lanka," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 275-295, February.
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Developing economies

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    Cited by:

    1. Rozina Aktar & Sumaiya Siddika & Sumaya Khan Auntu & Md. Mahofuzur Rahman & ATM Adnan, 2021. "Impacts of Covid-19 Pandemic on RMG Sector: A Study of Bangladesh," International Journal of Science and Business, IJSAB International, vol. 5(11), pages 1-11.

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    More about this item

    Keywords

    COVID-19; Remittances; Pandemic; Lockdown; GDP;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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