scholarly journals Impact of Remittances on Domestic Investment: A Panel Study of Six South Asian Countries

2020 ◽  
Vol 21 (1) ◽  
pp. 7-30 ◽  
Author(s):  
Ranjan Kumar Dash
Keyword(s):  
South Asia ◽  
South Asian ◽  
Panel Study ◽  
Physical Capital ◽  
Capital Inflows ◽  
Estimation Methods ◽  
Theoretical Argument ◽  
Domestic Investment ◽  
Asian Countries ◽  
The Impact

Remittances inflow to South Asian countries increased significantly and is now one of the major sources of external finance overtaking traditional capital inflows such as foreign direct investment (FDI), foreign portfolio investment (FPI) and aid. However, the role of remittances in economic development has not been examined extensively, particularly for South Asian countries. This article examines the impact of remittances on domestic investment for South Asia over 1991–2017. Advanced panel estimation methods (unit root, cointegration and causality) are employed to account for potential country-specific heterogeneity and the endogeneity problem. Results of this study suggest that remittances increase domestic investment in the short term as well as in the long run for South Asia. This indicates that remittances are used not only for consumption purposes but also for investment activities such as human and physical capital development. The panel causality results suggest the presence of uni-directional causality running from remittances to domestic investment. Therefore, the result of this study supports the theoretical argument and previous empirical studies for other developing countries JEL: C3, 01, F3, F22

scholarly journals Effects of Foreign Aid and Remittances Flows on Saving and Investment in Developing South Asia: Panel Data Study

2021 ◽  
pp. 21-27
Author(s):  
Md. Ahasan Ul Haque ◽  
Md. Golam Kibria ◽  
Md. Muhaiminul Islam Selim
Keyword(s):  
Panel Data ◽  
Foreign Aid ◽  
South Asia ◽  
South Asian ◽  
Positive Impact ◽  
Threshold Level ◽  
Foreign Assistance ◽  
Asian Countries ◽  
Minimum Threshold ◽  
The Impact

In this study, we investigate the impact of remittances and foreign aid (official foreign assistance) on investment and saving in South Asian countries. We also analyze the comparative influence of remittances and foreign aid in stimulating saving and investment. We use a sample of five South Asian countries over the period 1985-2018 and employ OLS and 2SLS methods to estimate the effect of remittance and foreign aid on saving and investment. The result reveals that remittance has a positive impact on saving but has no significant effect on investment and shows that foreign aid has no significant impact on saving but negatively influences investment. In line with our results, a rise in 10 percent of remittances in South Asia raises savings by 1.6 percent in the OLS estimates and by 1.7 percent when we use 2SLS. At the same time for a 10% increase in foreign aid decreases saving by 4.3% and 3.3%, respectively, in two methods. For the second regression, an increase in 10% remittances hamper investment by 1.3% and 1% for OLS and 2SLS, respectively. And for the analogous 10% increase in foreign aid decrease investment by 5.4% and 5.2%, respectively. However, if foreign aid is efficiently used, it can be an important complement to remittances by permitting households to overcome the minimum threshold level and they can use a bigger portion of their remittances for savings and investment motive.

scholarly journals Impact of Information and Communication Technology on the Productivity of South Asian Economies

2017 ◽  
pp. 77-87
Author(s):  
Tahir Mahmood Et al.,
Keyword(s):  
Information Technology ◽  
South Asia ◽  
Information And Communication Technologies ◽  
Information And Communication Technology ◽  
South Asian ◽  
Communication Technology ◽  
Physical Capital ◽  
Asian Economies ◽  
Information And Communication ◽  
The Impact

Information and communication technology (ICT) is considered as an important factor of production, it plays a pivotal role in enhancing the productivity of others factor of production. The main objective of this paper is to find the impact of information and communication technology on the productivity of emerging economies of South Asia. We use GDP per worker as a proxy for productivity and ICT- capital per worker is used to capture the impact of information and communication technologies. We apply OLS and GMM methods of estimation in a panel setting. The results indicate that information and communication technology is one of the main determinants of the variation in output per worker across the four South Asian economies during the last two and half decades (1990-2014). The physical capital which not relates to information technology is also important determinants of productivity growth. The study confirms that ICT is playing important role in South Asia. Therefore, the importance of information technology in economic growth is a global phenomenon

Remittances-inflation nexus in South Asia: an empirical examination

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hem C. Basnet ◽  
Ficawoyi Donou-Adonsou ◽  
Kamal Upadhyaya
Keyword(s):  
South Asia ◽  
South Asian ◽  
Panel Cointegration ◽  
Asian Countries ◽  
The South ◽  
Empirical Examination ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Impact

Purpose The purpose of this paper is to examine whether remittances induce inflation in South Asian countries, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka. Design/methodology/approach This study uses panel cointegration and Pooled Mean Group techniques covering from 1975 to 2017 to estimate the long-run and the short-run effect of remittances on inflation. Findings The estimated results suggest that the inflationary impact of remittances in South Asia depends on the time length. The inflow tends to lower inflation in the short run, whereas it increases in the long run. The findings highlight the regional peculiarity in the impact of remittances on the price level. The results are statistically significant and are confirmed by the Mean Group estimation as well. Originality/value Most past studies investigating the nexus between remittances and inflation in the South Asian context examine either these countries individually or include them all in a pool of big cross-sections. This study contributes to the literature by addressing this void. The South Asian countries should not generalize the earlier findings on the link between remittance inflows and inflation, as the short-run effect is different from the long run. Thus, these countries would be better off designing long-run policies that are different from the short run.

scholarly journals Foreign Aid, Debt, Tax Revenue and Government Spending in South Asia: A Panel Analysis

2021 ◽  
pp. 17-28
Author(s):  
Rozina Akter ◽  
Sakila Aziz Nila
Keyword(s):  
Foreign Aid ◽  
South Asia ◽  
South Asian ◽  
Government Spending ◽  
Positive Impact ◽  
Tax Revenue ◽  
Asian Countries ◽  
Explanatory Variables ◽  
Aid Dependency ◽  
The Impact

Purpose: Over the years, tax revenue, foreign aid, and debt play a prominent role in finance the South Asian countries’ government spending. Thus, this paper aims to analyze the effects of foreign aid, debt, and tax revenue on government spending in South Asia. Methodology: The study considers six south Asian countries over 25 years from 1990-2014. The panel data method is used to analyze the impact of explanatory variables on the dependent variable. Findings: From the empirical analysis, it is found that foreign aid, tax revenue, and total debt have a positive impact on government spending. It indicates that when these variables increase, government spending also grows significantly. However, a higher interest rate ebbs the volume of receiving debt among the sampled countries. Originality: Under this circumstance, this paper advocate that rational use of tax revenue may abate the aid dependency and debt burden in South Asian countries.

scholarly journals The Impact of R&D Input on Technological Innovation: Evidence from South Asian and Southeast Asian Countries

2020 ◽  
Vol 2020 ◽  
pp. 1-11
Author(s):  
Lei Lv ◽  
Yuchen Yin ◽  
Yuanchang Wang
Keyword(s):  
Southeast Asia ◽  
South Asia ◽  
Technological Innovation ◽  
South Asian ◽  
Fixed Effect ◽  
Technical Innovation ◽  
Multiple Models ◽  
Asian Countries ◽  
The Impact ◽  
Southeast Asian Countries

In the era of the rapid development of knowledge economy and science, all countries have thought highly of technical innovation and greatly increased the R&D input for it. However, the research on the impact of R&D input on technical innovation lacks specialized, cross-country, and cross-time investigations, and especially, the research on small countries such as South Asia and Southeast Asia where technical innovation is relatively backward. So, does R&D input in South Asia and Southeast Asia have an impact on technical innovation and to what extent? Let us analyze the panel data of 18 countries in South Asia and Southeast Asia from 2001 to 2018, use three methods of unit root test to test the stationarity of variables, adopt the Kao cointegration test to test a stable long-term relationship between the variables, and then, respectively, carry out the transnational regression analysis of the difference between patent applications, scientific journal articles, and the R&D input with multiple models. Finally, the heteroscedasticity robust fixed-effect model is found to be the most suitable for this study after the comparative analysis of multiple models. Through the fixed-effect intercepts of each country in the heteroscedasticity robust fixed-effect models, South Asian and Southeast Asian countries are divided into three levels, and each level lists a set of equations. So, the following conclusions are drawn: both R&D expenditure and manpower input in South Asia and Southeast Asia significantly promote technological innovation; the efficiency of both R&D expenditure and manpower input promoting technological innovation in South Asia and Southeast Asia is low and needs to be improved. These conclusions provide references for policymakers in some countries where technological innovation is relatively backward, especially in Cambodia, Lao PDR, Myanmar, Timor-Leste, Bangladesh, Bhutan, Maldives, and Nepal.

scholarly journals Financial market integration and co-movements among the growth rates: Evidence from South Asian countries

2011 ◽  
Vol 8 (2) ◽  
pp. 203-216
Author(s):  
Piyadasa Edirisuriya
Keyword(s):  
Economic Growth ◽  
South Asia ◽  
South Asian ◽  
Financial Market ◽  
Growth Rates ◽  
Market Integration ◽  
The European Union ◽  
Asian Countries ◽  
Financial Market Integration ◽  
The Impact

Since the 1980s, South Asian countries have been implementing financial market deregulation policies continuously. Although the process of deregulations has been slow, many countries in the region are heading toward a more integrated market despite current global turmoil. Financial market integration in South Asia could have synchronised economic activities of the countries in the region due to the impact of consolidation. This suggests that when the region’s economies grow/contract, all countries could follow the same path demonstrating a co-movement of growth rates among countries. When economic growth rates are similar for a region, it may be easier to formulate economic policies to achieve a common goal. As the political leadership of South Asia has agreed to work towards forming an economic block similar to that of the European Union and ASIAN, examining co-movement of growth rates could shed more lights on the issue of the success of market integration in the region. The objective of this study is to study market integration by analysing financial markets, trade and economic growth data to spot whether there is any co-movement of growth rates among South Asian countries due to financial market deregulation policies implemented so far. As findings show mix results, we used region’s governance indicators to examine further and found that weak governance is a serious problem in the South Asian region.

scholarly journals Wasting and Associated Factors among Children under 5 Years in Five South Asian Countries (2014–2018): Analysis of Demographic Health Surveys

2021 ◽  
Vol 18 (9) ◽  
pp. 4578
Author(s):  
Nidhi Wali ◽  
Kingsley E. E. Agho ◽  
Andre M. N. Renzaho
Keyword(s):  
South Asia ◽  
South Asian ◽  
Health Surveys ◽  
Associated Factors ◽  
Common Factor ◽  
Household Wealth ◽  
Health Concern ◽  
Demographic And Health Surveys ◽  
Asian Countries ◽  
Sampling Weights

Child wasting continues to be a major public health concern in South Asia, having a prevalence above the emergency threshold. This paper aimed to identify factors associated with wasting among children aged 0–23 months, 24–59 months, and 0–59 months in South Asia. A weighted sample of 564,518 children aged 0–59 months from the most recent demographic and health surveys (2014–2018) of five countries in South Asia was combined. Multiple logistic regression analyses that adjusted for clustering and sampling weights were used to examine associated factors. Wasting prevalence was higher for children aged 0–23 months (25%) as compared to 24–59 months (18%), with variations in prevalence across the South Asian countries. The most common factor associated with child wasting was maternal BMI [adjusted odds ratio (AOR) for 0–23 months = 2.02; 95% CI: (1.52, 2.68); AOR for 24–59 months = 2.54; 95% CI: (1.83, 3.54); AOR for 0–59 months = 2.18; 95% CI: (1.72, 2.77)]. Other factors included maternal height and age, household wealth index, birth interval and order, children born at home, and access to antenatal visits. Study findings suggest need for nutrition specific and sensitive interventions focused on women, as well as adolescents and children under 2 years of age.

scholarly journals Agroforestry to Achieve Global Climate Adaptation and Mitigation Targets: Are South Asian Countries Sufficiently Prepared?

Forests ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 303
Author(s):  
Shalini Dhyani ◽  
Indu K Murthy ◽  
Rakesh Kadaverugu ◽  
Rajarshi Dasgupta ◽  
Manoj Kumar ◽  
...  
Keyword(s):  
South Asia ◽  
South Asian ◽  
Climate Adaptation ◽  
Global Climate ◽  
Well Being ◽  
Agroforestry Systems ◽  
Climate Mitigation ◽  
Asian Countries ◽  
Implementation Phase ◽  
Adaptation And Mitigation

Traditional agroforestry systems across South Asia have historically supported millions of smallholding farmers. Since, 2007 agroforestry has received attention in global climate discussions for its carbon sink potential. Agroforestry plays a defining role in offsetting greenhouse gases, providing sustainable livelihoods, localizing Sustainable Development Goals and achieving biodiversity targets. The review explores evidence of agroforestry systems for human well-being along with its climate adaptation and mitigation potential for South Asia. In particular, we explore key enabling and constraining conditions for mainstreaming agroforestry systems to use them to fulfill global climate mitigation targets. Nationally determined contributions submitted by South Asian countries to the United Nations Framework Convention on Climate Change acknowledge agroforestry systems. In 2016, South Asian Association for Regional Cooperation’s Resolution on Agroforestry brought consensus on developing national agroforestry policies by all regional countries and became a strong enabling condition to ensure effectiveness of using agroforestry for climate targets. Lack of uniform methodologies for creation of databases to monitor tree and soil carbon stocks was found to be a key limitation for the purpose. Water scarcity, lack of interactive governance, rights of farmers and ownership issues along with insufficient financial support to rural farmers for agroforestry were other constraining conditions that should be appropriately addressed by the regional countries to develop their preparedness for achieving national climate ambitions. Our review indicates the need to shift from planning to the implementation phase following strong examples shared from India and Nepal, including carbon neutrality scenarios, incentives and sustainable local livelihood to enhance preparedness.

Suicide methods in South Asia over two decades (2001–2020)

2021 ◽  
pp. 002076402110157
Author(s):  
S M Yasir Arafat ◽  
Syeda Ayat-e-Zainab Ali ◽  
Vikas Menon ◽  
Fahad Hussain ◽  
Daniyal Shabbir Ansari ◽  
...  
Keyword(s):  
Sri Lanka ◽  
South Asia ◽  
South Asian ◽  
English Language ◽  
Public Health Problem ◽  
Asian Countries ◽  
Pubmed Central ◽  
Suicide Methods ◽  
Search Terms ◽  
Quantitative Studies

Background: Suicide is a global preventable public health problem. About a quarter of all suicides in the world occur in South Asia. As means restriction is an important suicide prevention strategy, gaining knowledge of the common suicide methods and their changing trends in each country and region is crucial. Aims: We aimed to assess the suicide methods in South Asian countries over the last two decades. Methods: A search was performed in PubMed, PubMed Central, Scopus, and Google Scholar with the search terms. Original articles of quantitative studies, published in the English language, from 2001 to 2020, with full-accessible text, that rank different methods of suicide in eight South Asian countries, were included. Results: A total of 68 studies were found eligible for review. The Maximum number of studies were found from India ( n = 38), followed by Bangladesh ( n = 12), Pakistan ( n = 9), Sri Lanka ( n = 6), and Nepal ( n = 3). Hanging ( n = 40, 55.8%) and poisoning ( n = 24, 35.3%) were the two most common suicide methods reported, in that order. Hanging followed by poisoning were the commonest suicide methods in Bangladesh, India, and Pakistan while in Sri Lanka, poisoning was the preferred method to hanging. There is a decline in suicide by poisoning and an increase in suicide by hanging in Sri Lanka, Bangladesh, and India. Although hanging is still the commonest method in Pakistan, the use of firearms is growing in recent years (2011–2020). Conclusions: There is a steady decline in the incidence of suicides by poisoning following pesticide regulations in South Asian countries. However, there is heterogeneity of study methods, probable under-reporting of suicide, and lack of robust suicide data.

scholarly journals (Non)Places of Bangalore: Where the East Meets the West in Bharati Mukherjee’s Miss New India

2019 ◽  
pp. 83-90
Author(s):  
Izabella Kimak
Keyword(s):  
South Asia ◽  
South Asian ◽  
Asian American ◽  
The Novel ◽  
The West ◽  
South Asian American ◽  
Primary Location ◽  
Spatial Locations ◽  
The Impact

This essay constitutes an attempt at reading Bharati Mukherjee’s 2011 novel, Miss New India, through the prism of spatial locations depicted in it. Unlike many of the texts in the late South Asian American author’s oeuvre, which depict migration from the East to the West, Miss New India is located exclusively within South Asia. This notwithstanding, the novel focuses on the impact the West used to and continues to exert on the East. I would like to argue that through her depictions of places and non-places of Bangalore-the novel’s primary location-Mukherjee points to the spatial interconnectedness of the East and the West as well as to the temporal interconnectedness of the colonial past and postcolonial, late-capitalist present.

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