Analysis of Causal Relationship among Economic Growth, Import, Export and Remittance: A Comparative Study between Bangladesh and India

Using time-series data from 1976 to 2016, this paper intends to investigate the relationship among export, remittance, GDP growth and import for Bangladesh and India. By applying the Granger causality test along with a VAR model, the study explored that remittances growth and economic growth are positively correlated in Bangladesh. For Bangladesh, causal nexus is unidirectional where for India's economic growth affected growth in remittances