Abstract
The objective of the study is to empirically probe the impact of misery index on remittance. Six Asian
countries have been selected for the period of 1980-2016. The study uses panel ARDL approach with
Cointegration. The results of Kao test shows that remittances and misery index are co-integrated. Panel
ARDL results show that misery index has a positive and significant impact on remittances in the long run
but it is negative and insignificant in the short run. The results underpin the altruism theory in remittance
sending behavior in the selected Asian countries. Remittance and unstable macroeconomic condition are
directly proportional to each other in Asian developing countries. The government may scrutinize and
determine the threshold level of instability otherwise the inflow of remittance might decrease.
MUHAMMAD IBRAHIM SAEED, SIDRA RAZA, FARAN ALI. (2020) To Mull Remittance and Misery Index of Selected Asian Countries: A Panel ARDL Approach, International Review of Management and Business Research, Volume 9, Issue 3.
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