Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222767
Authors: 
Chuc Anh Tu
Nguyet Thi Minh Phi
Le Quoc Tuan
Yoshino, Naoyuki
Sarker, Tapan
Taghizadeh-Hesary, Farhad
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1000
Abstract: 
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.
Subjects: 
remittance
financial inclusion
economic development
structural equation model
middle-income countries
JEL: 
G00
F24
F63
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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