Scholarlink

<p>This study focuses on the direction of growing interest in literature on influences of remittance inflows and financial development on economic growth the main purpose of this study is to analyze the relationship between variables. For 82 economies secondary data was gathered from the WDIs and using a panel data technique during the specified duration of 2005 to 2022. Remittance inflows and various substitutes for financial development are included as independent variables in this study. This study utilizes real GDP per capita at constant 2010 US dollar prices to measure economic growth. The study employed panel fixed-effects techniques alongside a two-step GMM dynamic panel data estimation technique. Remittance inflows and financial development proxies have positive coefficients, indicating a significantly positive influence on growth. Conversely, the interacting term of all these combinations has a negative coefficient, indicating that the “financial sector” functions as a replacement for “remittances” and that remittances indirectly affect economic growth. The results reveal that this substitution effect is statistically significant and varies across economies at different stages of stability. This study contributes uniquely by showing how financial development can replace remittances in driving growth rather than simply complementing them. Policy implications suggest that channeling remittances into productive financial systems is crucial for developing economies to maximize growth and improve social development outcomes.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Financial decision making and commodities: the nexus between remittances inflow, financial development and economic growth

  • 期刊论文

  • 发表日期：

    2026年1月28日

查看全文
  • Shuangyan Li,
  • Tabreez Humayun,
  • Shahzad Humayun,
  • Gul Rukh Niazi,
  • Yu Gao

摘要

This study focuses on the direction of growing interest in literature on influences of remittance inflows and financial development on economic growth the main purpose of this study is to analyze the relationship between variables. For 82 economies secondary data was gathered from the WDIs and using a panel data technique during the specified duration of 2005 to 2022. Remittance inflows and various substitutes for financial development are included as independent variables in this study. This study utilizes real GDP per capita at constant 2010 US dollar prices to measure economic growth. The study employed panel fixed-effects techniques alongside a two-step GMM dynamic panel data estimation technique. Remittance inflows and financial development proxies have positive coefficients, indicating a significantly positive influence on growth. Conversely, the interacting term of all these combinations has a negative coefficient, indicating that the “financial sector” functions as a replacement for “remittances” and that remittances indirectly affect economic growth. The results reveal that this substitution effect is statistically significant and varies across economies at different stages of stability. This study contributes uniquely by showing how financial development can replace remittances in driving growth rather than simply complementing them. Policy implications suggest that channeling remittances into productive financial systems is crucial for developing economies to maximize growth and improve social development outcomes.