Linkage between Migration Tenure and Remittance Transfer: Evidence from Bangladesh
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Migration and remittance both are critical to the development of Bangladesh. The nexus between migration outflow and remittance inflow have helped Bangladesh to balance between factor and financial market. The tenure of migration in the host countries has significantly positive influence on remittance transfer to Bangladesh. However, the rate of remittance transfer decay after certain years of migration. Using the log-linear ordinary least square model it is found that the optimum years of remittance transfer by an average Bangladeshi migrant are 16 years. After that, the rate of remittance transfer starts to decay with the length of migration. In this case, survey on use of remittance 2013 database which has developed by Bangladesh Bureau of Statistics is used.