Arbeitspapier
Remittance inflows, financial inclusion, and economic development: An empirical analysis of the world sample
The main purpose of this paper is to empirically investigate the impacts of remittance inflows, financial inclusion, and economic development and whether inward remittances may help to construct an inclusive financial system. Using both endogeneity-robust generalized method of moments and a structural equation model, our results show that remittances and financial inclusions are engines of growth in countries of different income groups. This implies that the policies to attract extra inward remittances and improve financial inclusion status are of great importance and could pull middle-income countries out of middle-income traps. To this end, our empirical study helps to shed light on the development dilemma of remittance inflows and financial inclusion and to explain both direct and indirect mechanisms through which these effects may happen.
- Language
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Englisch
- Bibliographic citation
-
Series: ADBI Working Paper Series ; No. 1000
- Classification
-
Wirtschaft
Financial Economics: General
Remittances
Economic Impacts of Globalization: Economic Development
- Subject
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remittance
financial inclusion
economic development
structural equation model
middle-income countries
- Event
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Geistige Schöpfung
- (who)
-
Chuc Anh Tu
Nguyet Thi Minh Phi
Le Quoc Tuan
Yoshino, Naoyuki
Sarker, Tapan
Taghizadeh-Hesary, Farhad
- Event
-
Veröffentlichung
- (who)
-
Asian Development Bank Institute (ADBI)
- (where)
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Tokyo
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Chuc Anh Tu
- Nguyet Thi Minh Phi
- Le Quoc Tuan
- Yoshino, Naoyuki
- Sarker, Tapan
- Taghizadeh-Hesary, Farhad
- Asian Development Bank Institute (ADBI)
Time of origin
- 2019
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