Remittances and financial development: empirical evidence from heterogeneous panel of countries
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In this paper, the authors analyse the role of incoming remittances on financial development in developing economies and find that they are the second largest source of external finance after foreign direct investment.Abstract:
Remittances are the second largest source of external finance after foreign direct investment in the developing economies. In this study, we analyse the role of incoming remittances on financial de...read more
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Migration and remittances fact book 2016
TL;DR: The migration and remittances fact book 2016 provides a comprehensive picture of emigration, immigration, and remittance flows for 214 countries and territories and 15 country groups, drawing on authoritative, publicly available data as mentioned in this paper.
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International trade and environmental performance in top ten-emitters countries: The role of eco-innovation and renewable energy consumption
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Heterogeneous effects of remittances and institutional quality in reducing environmental deficit in the presence of EKC hypothesis: A global study with the application of panel quantile regression
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International trade and consumption-based carbon emissions: evaluating the role of composite risk for RCEP economies
TL;DR: In this paper, the impact of financial, economic, political, and composite risk on consumption-based carbon dioxide emissions (CCO2) in selected RCEP economies during the period of 1990 to 2020 was investigated.
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Environmental regulations, political risk and consumption-based carbon emissions: Evidence from OECD economies.
TL;DR: In this paper , the authors explored empirically whether any changes in environmental policy stringency (EPSI), political risk (PR), and the interaction term of EPSI*PR result in any alteration of consumption-based carbon emissions (CBCE) of the 24 advanced OECD economies over the period of 1990-2020.
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Book
Theory of Economic Development
TL;DR: The theory of economic development was first published in 1911 by Schumpeter as discussed by the authors, who argued that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact.
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Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.
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A Simple Panel Unit Root Test in the Presence of Cross Section Dependence
TL;DR: In this paper, a simple alternative test where the standard unit root regressions are augmented with the cross section averages of lagged levels and first-differences of the individual series is also considered.
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A simple panel unit root test in the presence of cross-section dependence
TL;DR: In this paper, a simple alternative where the standard ADF regressions are augmented with the cross section averages of lagged levels and first-differences of the individual series is proposed, and it is shown that the individual CADF statistics are asymptotically similar and do not depend on the factor loadings.
BookDOI
Financial development and economic growth : views and agenda
Ross Levine,Ross Levine +1 more
TL;DR: The authors argued that the preponderance of theoretical reasoning and empirical evidence suggests a positive first-order relationship between financial development and economic growth, and that financial development level is a good predictor of future rates of economic growth.