Remittance inflow and economic development: interaction with financial inclusion and human capital
This paper used the dynamic panel data technique to examine the combined indirect effect of remittance inflows via human capital and financial inclusion on economic growth in developing and developed countries over the period between 2007 and2 018. The results from the endogeneity-robust System Gene...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor and Francis Group
2020
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| Online Access: | http://psasir.upm.edu.my/id/eprint/86682/1/Remittance%20inflow%20and%20economic%20development.pdf |
| _version_ | 1796981739425366016 |
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| author | Saydaliyev, Hayot Berk Lee, Chin Mohamed, Azali |
| author_facet | Saydaliyev, Hayot Berk Lee, Chin Mohamed, Azali |
| author_sort | Saydaliyev, Hayot Berk |
| collection | UPM |
| description | This paper used the dynamic panel data technique to examine the combined indirect effect of remittance inflows via human capital and financial inclusion on economic growth in developing and developed countries over the period between 2007 and2 018. The results from the endogeneity-robust System Generalized Method of Moments (GMM) analysis revealed that with with financial inclusion and human capital, are engines of economic growth in remittance-receiving developing countries. Specifically, better financial inclusion absorbs and efficiently channel remittance inflows into proper and productive economic activities, while developed human capital directly encourages robust economic activities. Therefore, this paper provides insights into the mechanisms that boost remittances’ effect on economic growth, i.e. financial inclusion and human capital. Accordingly, we recommend that regulatory frameworks aiming to encourage inward remittances should consider developing financial inclusion and human capital to leverage remittance funds for developmental agendas. |
| first_indexed | 2024-03-06T10:42:03Z |
| format | Article |
| id | upm.eprints-86682 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T10:42:03Z |
| publishDate | 2020 |
| publisher | Taylor and Francis Group |
| record_format | dspace |
| spelling | upm.eprints-866822022-11-22T09:11:09Z http://psasir.upm.edu.my/id/eprint/86682/ Remittance inflow and economic development: interaction with financial inclusion and human capital Saydaliyev, Hayot Berk Lee, Chin Mohamed, Azali This paper used the dynamic panel data technique to examine the combined indirect effect of remittance inflows via human capital and financial inclusion on economic growth in developing and developed countries over the period between 2007 and2 018. The results from the endogeneity-robust System Generalized Method of Moments (GMM) analysis revealed that with with financial inclusion and human capital, are engines of economic growth in remittance-receiving developing countries. Specifically, better financial inclusion absorbs and efficiently channel remittance inflows into proper and productive economic activities, while developed human capital directly encourages robust economic activities. Therefore, this paper provides insights into the mechanisms that boost remittances’ effect on economic growth, i.e. financial inclusion and human capital. Accordingly, we recommend that regulatory frameworks aiming to encourage inward remittances should consider developing financial inclusion and human capital to leverage remittance funds for developmental agendas. Taylor and Francis Group 2020-12-07 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/86682/1/Remittance%20inflow%20and%20economic%20development.pdf Saydaliyev, Hayot Berk and Lee, Chin and Mohamed, Azali (2020) Remittance inflow and economic development: interaction with financial inclusion and human capital. Migration and Development, 11 (3). pp. 1-19. ISSN 2163-2324; ESSN: 2163-2332 https://www.tandfonline.com/doi/abs/10.1080/21632324.2020.1839215 10.1080/21632324.2020.1839215 |
| spellingShingle | Saydaliyev, Hayot Berk Lee, Chin Mohamed, Azali Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title | Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title_full | Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title_fullStr | Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title_full_unstemmed | Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title_short | Remittance inflow and economic development: interaction with financial inclusion and human capital |
| title_sort | remittance inflow and economic development interaction with financial inclusion and human capital |
| url | http://psasir.upm.edu.my/id/eprint/86682/1/Remittance%20inflow%20and%20economic%20development.pdf |
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