IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811262258_0003.html

The Effects of Remittance and Financial Development on the Economic Growth in Asia-Pacific Countries

In: The Vietnamese Economy and the Fourth Industrial Revolution

Author

Listed:
  • Trung Kien Tran
  • Gia Luat Diep

Abstract

Remittance has become an essential source of foreign income and remarkably influences the current accounts and economies of many nations. However, the relationship between remittance, financial development index, and national economic growth is still controversial. According to the database from 28 countries in the Asia-Pacific region from 1995 to 2018, the effects of remittance and financial development on economic growth are evaluated using empirical methods in this study. The results show that remittance hurts the economy, which can be seen as a constraint on economic growth. Specifically, the credit ratio in the private sector also harms economic development, and the financial development index has a significant effect on the economy.

Suggested Citation

  • Trung Kien Tran & Gia Luat Diep, 2026. "The Effects of Remittance and Financial Development on the Economic Growth in Asia-Pacific Countries," World Scientific Book Chapters, in: Dong Phong Nguyen & Dinh Thanh Su & Quang Hung Bui & Bich Nguyet Phan Thi & Viet Tien Ho & Nguyen Ph (ed.), The Vietnamese Economy and the Fourth Industrial Revolution, chapter 3, pages 59-81, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811262258_0003
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811262258_0003
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811262258_0003
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811262258_0003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.