In:
Tạp chí Khoa học và Đào tạo Ngân hàng, Banking Academy of Vietnam, , No. 255 ( 2023-08), p. 40-51
Abstract:
Remittances play an important role in the economy, especially in developing countries, as the remittances help to increase the national savings and ease the dependence on foreign exchange reserves and balance of payments, while simultaneously contributing to poverty reduction in receiving nations and communities, increasing investment in health, education and business. However, remittances can also increase the severity of the brain drain phenomenom as well as erode the labor incentive of the remittance receiving families. Applying the fixed effects and random effects models on the dataset of 6 ASEAN economies (ASEAN- 6) over the period of 2000-2020, the research findings fail to reveal the positive impact of remittances on the economic growth of ASEAN-6 countries, implying that remittances to ASEAN-6 nations, with a relatively limited scale, may not be large enough to significantly drive the economic growth of ASEAN-6 countries. This empirical evidence calls for feasible solutions to boost the scale of remittances, enabling ASEAN-6 economies to benefit from remittances
Type of Medium:
Online Resource
ISSN:
1859-011X
Uniform Title:
Mức độ đóng góp của kiều hồi vào tăng trưởng kinh tế: Bằng chứng thực nghiệm từ khu vực ASEAN-6
DOI:
10.59276/TCKHDT.2023.08.2515
Language:
Unknown
Publisher:
Banking Academy of Vietnam
Publication Date:
2023
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