Socio-economic Impacts of International Migration in Bangladesh

Abstract

Migration plays an important role of economic development for a country, especially for  Bangladesh. Migration has impacts on both social and economic aspects. This study uses data from 1991 to 2011 to analyze the socio-economic impacts of migration for Bangladesh. This study splits the analysis into two parts; in first part, empirical evaluation is made through using econometric tools, where unit roots test, cointegration test as well as Ganger Causality test has been run between two variables such as Growth Rate of Remittance (GRR) and Literacy Rate (LR). There is a cointegration between these variables. That means in the long run the growth of remittance have a positive impact in increasing literacy rate which may lead to socio-economic development of our country. But using Ganger Causality test we did not find any unidirectional causality between GRR and LR. In later part, we attempted to provide a descriptive analysis about the socio-economic impacts of migration by observing various research papers and field studies. Government policies and strategies are highlighted regarding migration to show the position of government in this issue. Finally recommendations are made to have fruitful migration pattern as well as most efficient use of migrant and their sent remittance.