The study examines the intricate relationship between workers' remittances and the level of education in BIMSTEC countries namely, Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand leveraging a comprehensive dataset spanning from 1991 to 2023 from the World Development Indicators. The study addresses a significant gap in the literature by employing advanced econometric techniques. The panel data analysis including system and difference GMM enable a nuanced exploration of endogeneity, capturing potential heterogeneity in the impact of remittances across different time period. The theoretical foundation is centers around indicating the expected impact of secondary school enrolment ratio, gross capital formation, pupil teacher ratio, parental education, and the other control variable on the workers' remittances and the steps involved in the analysis are panel stationarity checks, pooled ols, fixed effect, random effect, system and difference GMM etc. Results suggest that there is a statistically significant and positive impact on the educational attainment in India, Thailand, Nepal and Sri Lanka contrasting with the negative and insignificant impact in Bangladesh, Bhutan and Myanmar. Overall, the study contributes to the understanding of the complex dynamics between remittances and education in BIMSTEC countries, offering insights that hold implications for policy formulation and economic development strategies.

Authors:
Preety Sharma, Guru Gobind Singh Indraprastha University, India
Anand Kumar, University of Delhi, India
Shikahr Kumar, University of Delhi, India

About the Presenter(s)
Dr. Preety Sharma, Assistant Professor, University School of Humanities and Social Sciences at Guru Gobind Singh Indraprastha University, Main Campus, Dwarka, Delhi, India.

See this presentation on the full schedule – Sunday Schedule

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