The necessity of financial inclusion for enhancing the economic impacts of remittances
International remittances by immigrants to their home countries is key in the funding development in migrant-sending countries. This study investigates the combined impact of international remittance inflows and financial inclusion on economic growth using a sample of 60 low- and middle-income count...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-01-01
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| Series: | Borsa Istanbul Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845020300971 |
| _version_ | 1797991874364964864 |
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| author | Anh Tu Chuc Weiqing Li Nguyet Thi Minh Phi Quoc Tuan Le Naoyuki Yoshino Farhad Taghizadeh-Hesary |
| author_facet | Anh Tu Chuc Weiqing Li Nguyet Thi Minh Phi Quoc Tuan Le Naoyuki Yoshino Farhad Taghizadeh-Hesary |
| author_sort | Anh Tu Chuc |
| collection | DOAJ |
| description | International remittances by immigrants to their home countries is key in the funding development in migrant-sending countries. This study investigates the combined impact of international remittance inflows and financial inclusion on economic growth using a sample of 60 low- and middle-income countries over 1996–2017. The study constructs a composite financial inclusion index using principal component analysis. The results show that financial inclusion could strengthen the growth-enhancing effect of remittances. Thus, the study helps explain the development dilemma of remittance inflows and financial inclusion in migrant-sending countries to boost their economic growth. |
| first_indexed | 2024-04-11T08:59:13Z |
| format | Article |
| id | doaj.art-2a077683b0b243ab9e8dcd32ca4e6b24 |
| institution | Directory Open Access Journal |
| issn | 2214-8450 |
| language | English |
| last_indexed | 2024-04-11T08:59:13Z |
| publishDate | 2022-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Borsa Istanbul Review |
| spelling | doaj.art-2a077683b0b243ab9e8dcd32ca4e6b242022-12-22T04:32:50ZengElsevierBorsa Istanbul Review2214-84502022-01-012214756The necessity of financial inclusion for enhancing the economic impacts of remittancesAnh Tu Chuc0Weiqing Li1Nguyet Thi Minh Phi2Quoc Tuan Le3Naoyuki Yoshino4Farhad Taghizadeh-Hesary5Academy of Finance, Hanoi, Viet NamSchool of International Economics and Tourism Management, Zhejiang International Studies University, Hangzhou, ChinaAcademy of Finance & Center for Applied Economics and Business Research, Hanoi, VietnamBanking Academy of Vietnam & Center for Applied Economics and Business Research, Hanoi, Viet NamKeio University, Tokyo, JapanSocial Science Research Institute, Tokai University, Hiratsuka-shi, Kanagawa-ken, Japan; Corresponding author. 4-1-1 Kitakaname, Hiratsuka-shi, Kanagawa, 259-1292, Japan.International remittances by immigrants to their home countries is key in the funding development in migrant-sending countries. This study investigates the combined impact of international remittance inflows and financial inclusion on economic growth using a sample of 60 low- and middle-income countries over 1996–2017. The study constructs a composite financial inclusion index using principal component analysis. The results show that financial inclusion could strengthen the growth-enhancing effect of remittances. Thus, the study helps explain the development dilemma of remittance inflows and financial inclusion in migrant-sending countries to boost their economic growth.http://www.sciencedirect.com/science/article/pii/S2214845020300971G00F24F63 |
| spellingShingle | Anh Tu Chuc Weiqing Li Nguyet Thi Minh Phi Quoc Tuan Le Naoyuki Yoshino Farhad Taghizadeh-Hesary The necessity of financial inclusion for enhancing the economic impacts of remittances Borsa Istanbul Review G00 F24 F63 |
| title | The necessity of financial inclusion for enhancing the economic impacts of remittances |
| title_full | The necessity of financial inclusion for enhancing the economic impacts of remittances |
| title_fullStr | The necessity of financial inclusion for enhancing the economic impacts of remittances |
| title_full_unstemmed | The necessity of financial inclusion for enhancing the economic impacts of remittances |
| title_short | The necessity of financial inclusion for enhancing the economic impacts of remittances |
| title_sort | necessity of financial inclusion for enhancing the economic impacts of remittances |
| topic | G00 F24 F63 |
| url | http://www.sciencedirect.com/science/article/pii/S2214845020300971 |
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