Skripsi
ANALISIS PERAN REMITANSI TERHADAP FINANCIAL DEVELOPMENT (STUDI EMPIRIS DI NEGARA LMIC)
Economic development is closely related to the financial sector that facilitates the flow of funds in that process. Along with this, remittances come with their resilience to face the dynamics of the times by utilizing the role of financial institutions in the delivery flow. This study aims to identify the role of remittances on financial development in LMICs for the period 2002-2021. Using panel data regression with a fixed effect model, the results show that remittances play a complementary role to financial development, reflected in an increase in the financial development index, domestic credit, and market capitalization. The exchange rate also plays a key role, with a decrease in the exchange rate positively correlated with financial development indicators, while an increase in the exchange rate is associated with an increase in liquid liabilities in LMIC countries. Another factor, FDI only has a significantly positive effect on the financial development index and market capitalization. Meanwhile, GDP per capita growth shows a negative and significant impact on financial development, especially the financial development index and domestic credit. Based on these results, it is important for LMIC governments to strengthen support for migrant workers and encourage remittances by providing incentives. In addition, holistic policies that consider the complex interactions between remittances, exchange rates, FDI, and GDP per capita growth will support sustainable financial development in LMICs.
Inventory Code | Barcode | Call Number | Location | Status |
---|---|---|---|---|
2407000570 | T138592 | T1385922024 | Central Library (References) | Available but not for loan - Not for Loan |
No other version available