Hello,

Could you please elaborate on your research? Could you please give me more information how do you see the equation you would like to estimate?

Regards,

Marcin Puziak

Dear Ahamed,

It seems that you may want to distinguish whether the remittance is used for consumption or investment purposes. The latter may have a direct multiplier effect on growth. A sense of whether the remittance is going to high income or low income recipients can help as high income persons are most likely to save it, which will be channeled into investments.

Given the levels of savings achieved thru remittance, one can then use a development model of growth embedded in a neoclassical framework. See for instance W. W. Rostow’s “Theorists of Economic Growth from David Hume to Present,” Oxford Press, 1990 (Appendix) and Table A.II.4 on p.541.

Dear prof.

Thank you very much your answer. I will go through your advice

Ahamed: The fact that your research centers on economic implies that you need to, academically or otherwise, have to revisit the economic growth models. From Harod-Domar, Solow's Growth model and now the neoclassical growth theories, a review will perfectly guide you on which model is, justifiable and applicable to your research agenda. Generally, remittances in my view, are going to be one of the regressors for whatever model you may finally adopt or develop and subsequently employ. Second and most important, your specific objective/intention of the study should guide you as well.

Benard is right. It is advisable that you make a through review of all studies concerning economic growth. However, to confine the survey to period  from Harrod-Domar to the neoclassical growth theories is too narrow and it is doubtful if the survey gives Ahamed a really useful insight on economic growth.

It will be wiser to read at first two survey papers written by Kurz and Salvadori below. The two surveys are widely read. The draft version of Old and New paper is read more than 500 every week for a long time. Last week (ending December 4) it received 868 "reads."

The readers seems to be students from Subsaharan countries and India.  "Reads" from Sri Lnaka seems to be small.

Although the two surveys are splendid, the state of the growth theory is not as splendid as the survey papers. I have written a bit long "comments" on two surveys (see  the paper below). It is a kind of critical review of the current growth theories.

References:

Kurz, H.D., and N. Salvadori (2003) Theories of Economic Growth: Old and New, in Neri Salvadori (Ed.) The Theory of Economic Growth: a “Classical” Perspective, Cheltenham: Edward Elgar, May 2003. Chapter 1, pp.1－22.

Published version: http://growthbook2.ec.unipi.it/papersLibro/KurzSalvadori.pdf

Draft version:

https://www.researchgate.net/profile/Heinz_Kurz/publication/252313772_Theories_of_Economic_Growth_-_Old_and_New/links/0c9605297363aaf2df000000.pdf 

Kurz, H.D., and N. Salvadori (2008) New Growth Theory and Development Economics, in Amitava Krishna Dutt and Jaime Ros (Eds.) International Handbook of Development Economics, Volumes 1 and 2. September 2008. Chapter 15, pp.207-222.

Published Version:

https://books.google.co.jp/books?id=Gi-zEIn77okC&pg

Draft version :

https://static.uni-graz.at/fileadmin/sowi-zentren/Schumpeter-Centre/Download/Paper/Kurz/2008_New_Growth_Theory_and_Development_Economics__in_International_Handbook_of_Development_Economics_.pdf

Growth Theory As It Ought to Be: comments on Kurz and Salvadori's Two Survey Papers on Old and New Growth Theory

https://www.researchgate.net/publication/311439320_Growth_Theory_As_It_Ought_to_Be_comments_on_Kurz_and_Salvadori%27s_Two_Survey_Papers_on_Old_and_New_Growth_Theory

Article Theories of Economic Growth - Old and New

Working Paper Growth Theory As It Ought to Be: Comments on Kurz and Salvad...

Neri Salvadori and I are extremely pleased and deeply grateful to a scholar of the reputation and stature of Professor Yoshinori Shiozawa to say such nice things about our work on growth theory. Many thanks indeed.

Hello Ahamed:

I found this article, about worker´s remittancces. I want to point out that in Mexico remittances have a big economic impact.

The article includes information about Sri Lanka and it was written by Hisaya Oda.

Hello Dear,

  I recomend to used the MRW grown model or extend Solow s  model.   Review the econometric way is develop the model.   ITs  OLS regression with tranversal data from most countries in the world, run with Stata Software.   Take look the link below .

    I hope i help you .!!

http://www.nuff.ox.ac.uk/teaching/economics/bond/OLS%20Regression%20Using%20Stata.pdf

http://eml.berkeley.edu/~dromer/papers/MRW_QJE1992.pdf

1.

1. The classical growth theory

2. The neo-classical growth model

3. Dependency Theory