scholarly journals The Impact of Remittances on Domestic Investment in Developing Countries: Fresh Evidence From the Asia-pacific Region

2018 ◽  
Vol 9 (2) ◽  
pp. 193-211 ◽  
Author(s):  
Le Thanh Tung
Keyword(s):  
Developing Countries ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Asia Pacific ◽  
Series Data ◽  
Pacific Region ◽  
Domestic Investment ◽  
Asia Pacific Region ◽  
The Impact

Despite the sharply increasing remittances in developing countries (especially in the AsiaPacific region), the relationship between remittances and domestic investment in recipient countries has not been fluently evidenced. This paper aims to fill the empirical gap in the Asia-Pacific region by investigating the impact of remittances on domestic investment with a sample including nineteen developing countries based on time series data from 1980 to 2015. However, our findings contradict some evidence from other regions. The results robustly confirm that remittances have a negative impact on domestic investment in these countries. Our results also indicate that the annual GDP per capita growth, official development assistance, domestic credit, gross saving, and inflation have a positive impact on domestic investment, however, we conclude that the impact of trade openness on domestic investment has a negative sign in the study period. The paper also provides some policy suggestions with regard to remittance flows in this region.

scholarly journals THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

2021 ◽  
pp. 16-40
Author(s):  
Comfort Akinwolere Bukola ◽  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Exchange Rate Volatility ◽  
Series Data ◽  
Balance Of Trade ◽  
Econometric Approach ◽  
The Impact

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

scholarly journals Comparative Analysis of Factors of Functioning of Special Administrative Areas in the Asian-Pacific Region

2021 ◽  
Vol 20 (3) ◽  
pp. 524-559
Author(s):  
O. A. Sinenko ◽  
Keyword(s):  
Comparative Analysis ◽  
National Income ◽  
Asia Pacific ◽  
World Bank Group ◽  
Pacific Region ◽  
Domestic Investment ◽  
Territorial Development ◽  
Asia Pacific Region ◽  
Historical Comparison ◽  
The Impact

The article is devoted to a study of the features of the functioning of special administrative regions in the Asia-Pacific region and the identification of factors influencing the results of the activities of the studied territories. The purpose of the study is to conduct a comparative analysis of the features of the functioning of special administrative regions in the Asia-Pacific region. During the research, qualitative methods were used: historical, comparison, analysis and synthesis, legal, deduction and induction, as well as a quantitative method of correlation and regression analysis. The study carried out a comparative analysis of the development and formation of special administrative regions in Russia, as well as Hong Kong, Macau and Singapore. The research hypothesis is based on the assumption that the conditions for the functioning of special administrative regions affect the competitiveness and attractiveness of territories for residents. The research methodological base includes theories describing the impact of territories with a special economic status on the level of the development of territories. We used the author's method of analyzing the functioning of special administrative regions in Russia and in foreign jurisdictions based on 10 indicators: the number of newly registered residents, population, gross national income per capita, GDP, labor force, employment, government spending, direct tax receipts, indirect receipts. taxes, direct domestic investment, direct foreign investment, which made it possible to reveal the dependence of the number of residents registered in special administrative regions on these indicators. The empirical base of the study is data from official information portals on the activities of special administrative regions in Russia and abroad, data from OECD reports, statistics from the World Bank Group, the International Monetary Fund, and others. The novelty of the results obtained lies in substantiating the influence of territorial development indicators on the number of residents in special administrative regions and identifying the risks of functioning of special administrative regions in Russia.

scholarly journals Do Profitable Banks Make a Positive Contribution to the Economy?

2020 ◽  
Vol 13 (8) ◽  
pp. 159 ◽  
Author(s):  
Vijay Kumar ◽  
Ron Bird
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Negative Impact ◽  
Asia Pacific ◽  
Positive Contribution ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Bank Profitability ◽  
Developed Economies ◽  
The Impact

A number of studies have investigated the relationship between financial sector development and economic growth; however, the impact of bank profitability on economic growth is still unclear. We investigate the link between bank profitability and economic growth in the Asia-Pacific region over the period 2004–2014. Using the system GMM estimator, our findings suggest that a profitable banking sector is a prerequisite for economic growth in the Asia-Pacific region and that the impact of bank profitability on economic growth is more prominent in small banking sectors. Perhaps surprisingly, we found that the bank size has a negative impact on GDP growth, with the influence of bank profitability on economic growth reducing as the size of the banking sector increases. Our results also show that the impact of profitability on economic growth is much larger in developed economies compared to small emerging and large emerging economies.

scholarly journals FOREIGN DIRECT INVESTMENT, WORKERS’ REMITTANCES AND PRIVATE SAVING IN PAKISTAN: AN ARDL BOUND TESTING APPROACH

2015 ◽  
Vol 16 (6) ◽  
pp. 1216-1234 ◽  
Author(s):  
Syed Ali Raza
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Unique Contribution ◽  
Domestic Investment ◽  
Causality Test ◽  
Private Savings ◽  
The Impact

The objective of this study is to investigate the impact of foreign direct investment (FDI) and workers’ remittances on private savings of Pakistan. This study employs ARDL bound testing co-integration approach, rolling window analysis, Granger causality test, Toda and Yamamoto Modified Wald causality test and variance decomposition test. Results indicate the significant positive impact of FDI and workers’ remittances on private savings in the long and short run. Causality analyses confirm the bidirectional causal relationship of FDI and workers’ remittances with private savings. It is recommended that policy makers should form friendly policies to attract more FDI and workers’ remittances in the country which leads to increase private savings in Pakistan. This leads to increase more fund for financial intermediaries to increase domestic investment opportunities in the country. This paper makes a unique contribution to the literature with reference to Pakistan, being a pioneering attempt to investigate the impact of FDI and workers’ remittances on private savings of Pakistan by using the long annual time series data and applying more rigorous econometric techniques.

scholarly journals The Impact of FDI on Economic Development of Pakistan

2012 ◽  
Vol 3 (2) ◽  
pp. 59-68
Author(s):  
Muhammad Tahir Mahmood
Keyword(s):  
Economic Development ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Domestic Investment ◽  
Distributed Lag ◽  
Country Level ◽  
Autoregressive Distributed Lag ◽  
Ultimate Result ◽  
The Impact

The foreign direct investment has made its position better as a bundle of benefits during the last three decades at the global level. The ultimate result of its benefits for the recipient countries is often sought in term of economic development. Such results do not appear in the same fashion in all recipient economies and so provide the space to investigate this nexus at country level. This study is an endeavor to examine empirically the impact of FDI on economic development of Pakistan. For this purpose, the time series data covering the period (1971-2009) were used. For data analysis, the bound testing approach to co integration within the framework of the Autoregressive Distributed Lag (ARDL) was utilized. The findings of the study supported the hypothesis of positive impact of FDI on economic development of Pakistan. The results also endorsed the views that the FDI is more effective than that of domestic investment.

scholarly journals The Impact of Per Capita Income and Labour Absorption toward Poverty Level in Gorontalo Province

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Nelvi Oktaviani R Gobel ◽  
Sri Endang Saleh
Keyword(s):  
Capita Income ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Series Data ◽  
Per Capita Income ◽  
Poverty Level ◽  
Per Capita ◽  
The Impact ◽  
Labour Absorption

This research aims to investigate the impact of per capita income and labour absorption toward poverty level in Gorontalo Province during 2012-2017. This research uses time-series data model from secondary datasets that is obtained from Central Statistics Bureau (Badan Pusat Statistik, BPS). Main findings of this research shows that per capita income has negative impact on poverty level in Gorontalo province while labour absorption has positive impact on poverty level in Gorontalo Province. Keywords: Poverty; Per Capita Income; Labor Absorption

scholarly journals International Remittances and Economic Growth in Ghana: Does the Measure Of Financial Development Matter?

2020 ◽  
Vol 2 (1) ◽  
pp. 46-59 ◽  
Author(s):  
Samuel Antwi ◽  
Eugene Oware Koranteng ◽  
Eugene Oware Koranteng
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Series Data ◽  
Aggregate Output ◽  
Real Gdp ◽  
International Remittances ◽  
The Impact

Empirical results of the effect of international remittances on economic growth of individual countries and groups of countries have yielded mixed results. This study is intended to add to the debate on the impact of international remittances on the aggregate output of individual countries, Ghana in this case. An earlier panel data study found a negative impact of remittance on real GDP and prompted further research on the topic for individual countries and groups of countries. The papers which followed and were able to correct for endogeneity in the models, found a mild positive impact of private unrequited remittances on economic growth. The impact of remittances on economic growth of a particular country depends on the proportion of remittances invested and consumed, the level of financial development and the quality of institutions in the country. This study used time series data from 1990 to 2014 on Ghana and found a positive impact of remittances on the growth rate of real GDP. Engel and Granger Cointegration test and Error Correction Models were used. Remittances were found to be pro-cyclical. Granger causality tests which corrects for the errors of cointegrated variables found causality running from financial development to remittances and from remittances to real GDP. Remittances have been found in other studies to benefit the Ghanaian economy by reducing poverty and sustaining the current account. This study shows a positive impact of remittances on aggregate output. Thus requiring policies to increase the flows and encourage their investment. Keywords: International Remittances, Economic Growth, Ghana, Financial Development.

scholarly journals The Assessment of Governance on Child Labor in evidence of Pakistan

2019 ◽  
Vol 1 (1) ◽  
pp. 59-67
Author(s):  
Syed Wajahat Ali ◽  
Faiqua Gul
Keyword(s):  
Developing Countries ◽  
Child Labor ◽  
Time Series Data ◽  
Good Governance ◽  
Positive Impact ◽  
Series Data ◽  
The Public ◽  
Short Run ◽  
And Performance ◽  
The Impact

The aim of this study is to explore the impact of Governance on Child Labor. We all know, child labor is most pressing issue in developing countries and illiteracy, less per capita income, malnutrition and lack of development has added the impact. In article, we discussed the types of Governance and explores some other factors which impede and promote the public sector responsibilities towards children. We also highlighted the methodologies of assessment and performance of governments as protectors of children rights according to international commitments i.e. SDG’s, In study, the dependent variable is Child Labor, while the independent variables are Governance, Population Growth Rate, Literacy Rate, Gross Domestic Product and Number of Schools. Time series data is used in range of 1990 to 2018. Augmented Dicky Fuller test is used to check the stationarity of the data. ARDL technique is applied on variables to check the long and short run relationship. The result shows an inverse relation between child labor and Governance, GDP, Literacy and number of schools as improvement in these indicators will decrease child labor. However, Population and child labor has a positive impact, by increasing population child labor will be increased. Impactful policies, good governance and better leadership are the only tools that can be helpful to tune child labor problem in developing countries.

scholarly journals A thematic study: impact of COVID-19 pandemic on rare disease organisations and patients across ten jurisdictions in the Asia Pacific region

2021 ◽  
Vol 16 (1) ◽  
Author(s):  
Claudia Ching Yan Chung ◽  
Yvette Nga Chung Ng ◽  
Ritu Jain ◽  
Brian Hon Yin Chung
Keyword(s):  
Focus Group ◽  
Rare Disease ◽  
Qualitative Data ◽  
Healthcare Access ◽  
Asia Pacific ◽  
Pacific Region ◽  
Group Meeting ◽  
Asia Pacific Region ◽  
Focus Group Meeting ◽  
The Impact

Abstract Background This study assesses the areas and extent of impact of the Coronavirus Disease of 2019 (COVID-19) pandemic on rare disease (RD) organisations in the Asia Pacific region. There is no existing literature that focuses on such impact on RD organisations in any jurisdictions, nor RD populations across multiple jurisdictions in the Asia Pacific region. A cross-sectional survey was distributed to RD organisations between April and May 2020. Quantitative and qualitative data on the impact of COVID-19 on RD organisations and patients were collected from the organisation representative’s perspective. Qualitative data was analysed using thematic analysis. A follow-up focus group meeting was conducted in August 2020 to validate the survey findings and to discuss specific needs, support and recommendations for sustainable healthcare systems during the pandemic. Results A total of 80 RD organisations from Australia, Hong Kong Special Administrative Region of China, India, Japan, mainland China, Malaysia, New Zealand, the Philippines, Singapore and Taiwan participated in the study. Of all, 89% were concerned about the impact of pandemic on their organisations. Results indicate that 63% of the organisations functioned at a reduced capacity and 42% stated a decrease in funding as their biggest challenge. Overall, 95% believed their patients were impacted, particularly in healthcare access, social lives, physical health, psychological health and financial impact. Specifically, 43% identified the reduced healthcare access as their top impact, followed by 26% about the impact on daily living and social life. Focus group meeting discussed differential impact across jurisdictions and point towards telemedicine and digitalisation as potential solutions. Conclusions This serves as the first study to assess the impact of COVID-19 on RD patients and organisations across multiple jurisdictions in the Asia Pacific region, identifying major themes on the impact on both RD patients and organisations. By including 80 organisations from ten jurisdictions, our study presents the most comprehensive assessment of the pandemic’s impact to date. It highlights the need for mental health support and sheds light on moving towards telemedicine and digitalisation of organisation operation, which constitutes a sustainable model in times of pandemics and beyond.

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