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Journal : SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS

The Impact of Remittance Inflows on Economic Growth in ASEAN Countries: A Panel Data Analysis Jamaluddin; St. Hatidja; Azizurrohman, Muhammad
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 8, No. 4, December 2024
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v8i4.383-396

Abstract

This study investigates at how remittance inflows affect economic growth in ASEAN nations, with a particular emphasis on GDP per capita between 2000 and 2023. The study examines the connections between remittances and GDP per capita using panel data regression analysis, taking financial development, inflation, and unemployment into account. According to the fixed effects model, GDP per capita rises by 0.128% for every 1% increase in remittances as a percentage of GDP. The findings also show that inflation and unemployment have a negative impact, whereas financial progress has a beneficial one. The robustness of the model is shown by the R-squared value of 0.45. This study highlights the value of financial development and macroeconomic stability while offering empirical support for the role that remittances play in promoting economicprogress.The findings offer policy insights for optimizing remittance benefits to achieve sustainable development in ASEAN countries
Co-Authors Abdul Haris Agusman Aini, Yulis Nurul Aliza Hari Tanthowy Aminy, Muhammad Muhajir Ander Sriwi, Ander Asrianto, Asrianto Baiq Elbadriati Bawazir, Fatmah Cholid Budi, Rosdinaman Calvin Faza Deasy Silvya Sari Denny Bernardus Dewi Mustikasari Immanuel Donny Juliandri Prihadi Dova Novita Eka Kadharpa Utama Dewayani Eka Kadharpa, Eka El-badriati, Baiq Eric Harianto Erri Supriyadi Faiza Husnayeni Nahar Faiza Husnayeni Nahar Faiza Husnayeni Nahar Fatmasari Fatmasari Faza, Calvin Gapari, Muhamad Zaril Gatot Suhirman Ginting, Yanti Mayasari Gladys Greselda Gosal Gunawan Bata Ilyas Habibi, Putrawan Hariono Hariono Hatidja, St. Hulfa, Ihyana Husna Karimah I Wayan Bratayasa Ilmi, Sayyidah Hafidhatul Irwan, Andi Jamaliah Said Jamaluddin Jamaluddin Jamaluddin Jintan, Andam Rani Johari, Muhamad Junko Alessandro Effendy Kapriani Kapriani, Kapriani Khairul Hamim Lalu R. Ibnu Lia Rosida Lin, Yih-Ming Marniatun Marniatun Mas'ud, Riduan Mashar Mashun Mashun Masud, Riduan Mas’ud, Riduan Menny, Alviano Herbert Mohamad Najmudin Mufti Alam Adha Muhamad Ali Muhamad Yusup Muhammad Iskandar Muhammad Johari Muhammad Syamsurrijal Ni Luh Sueni Ni Luh Sueni Widyanti Ni Putu Hendri Widiartini Novi Primita Sari Putra, Ida Nyoman Tri Darma Putrawan Habibi Riduan Masud Riduan Mas’ud Risky Angga Pramuja Rizal Pratama, Rizal Rizky Angga Pramuja Romi Bhakti Hartarto Sabar Sabar Sitti Mujahida Baharuddin Sri Ayu Lestari Sri Budi Cantika Yuli St. Hatidja Sudiyanti Sudiyanti Supiandi Supiandi Supiandi Supiandi, Supiandi Suroto, Alip Sutanto, Verrell Syafari, Muhammad Syahribulan Syahribulan, Syahribulan Tawakkal Baharuddin Teofilus Teofilus, Teofilus Thaha, Salmiyah Thomas Stefanus Kaihatu Tiong, Piter Toreh, Fabio Ricardo Ulfi, Izzani Umi Farida Uwi Martayadi Uwi Murtayadi Wahyu Khalik Wang, Tz-Li Wibisono, Leonard Junio Wiwik Handayani Yanti Mayasari Ginting Yanti Mayasari Ginting Yoseva Maria Pujirahayu Sumaji Yulendra, Lalu Yulia Nur Hasanah Yusuf Setiawan Al-Qusyairi Zainal Arifin Zaitun, Cakra