Salahuddin, Sarah and Masud, Muhammad Mehedi and Kwek, Kian Teng (2022) Remittances and households’ savings behaviour in Bangladesh. Society and Business Review, 17 (1). 120 – 140. ISSN 1746-5680, DOI https://doi.org/10.1108/SBR-08-2020-0104.
Full text not available from this repository.Abstract
Purpose: The purpose of this study is to examine the impact of remittance inflow on households’ savings behaviour in Bangladesh. Remittances are considered as the countercyclical flow of income for its recipient economies. It surges the liquidity of the households receiving remittances, allows them to endure local economic shocks and facilitates them to practice productive activities. Remittances often form a big pool of resources for investment which complement the national savings and support the country’s growth through higher rates of capital accumulation. Therefore, if a significant portion of the remittance is used for savings it can lead to prominent economic growth in the long term. Design/methodology/approach: Existing literature indicates remittance-receiving households have a greater propensity to use remittance income to meet basic consumption. However, based on the survey conducted by the Bangladesh Bureau of Statistics on remittances and household savings (SIR, 2016) and using the ordinary least square regression analysis method, to identify the connection between remittances and household’s saving (SIR, 2016) and using the ordinary least square regression analysis method, to identify the connection between remittances and household’s savings behaviour in Bangladesh. Findings: The findings of this study represent remittances encourage households to pursue different kinds of savings in Bangladesh. Savings are made in the form of opening savings accounts, deposit pension scheme/fixed deposits/Bonds, insurance policies, also savings through non-governmental organizations, cooperative societies and savings at home. Other than remittances the demographic characteristics of the household head also influence the savings choices. Originality/value: To enable the implementation of appropriate policies to boost savings, analysis from both perspectives; the household and the national level, requires strong vigilance and surveillance. © 2021, Emerald Publishing Limited.
| Item Type: | Article |
|---|---|
| Funders: | None |
| Additional Information: | Cited by: 5 |
| Uncontrolled Keywords: | Bangladesh; Economic growth; Savings; Remittance; Household's development |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economics |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 16 Nov 2023 07:26 |
| Last Modified: | 03 Dec 2023 02:16 |
| URI: | http://eprints.um.edu.my/id/eprint/43236 |
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