Proceedings of the International Conference on Business and Management Research (ICBMR 2020)

Harnessing International Market Power of Migrants’ Remittances for Economic Growth

Evidence from Asia

Authors
Nicky C. Cardenas
Corresponding Author
Nicky C. Cardenas
Available Online 23 December 2020.
DOI
10.2991/aebmr.k.201222.013How to use a DOI?
Keywords
Remittance Inflows, Gross Domestic Product, Consumer Price Inflation, Top Asian Remittance Recipient States
Abstract

Numerous studies have investigated remittances and economic growth. However, remittance inflows (RI) and economic growth in Asian context has been rarely studied. Thus, this study investigated the impacts of remittance inflows to real Gross Domestic Product (RGDP) of 11 selected Top Asian Remittance-Recipient States (TARRS) with Customer Price Inflation (CPI) and Remittance as a share of GDP in percentage (REM GDP) as variables examined over the years 2010-2019. This study used Multiple Linear Regression Analysis based on the empirical model of Goschin (2013) and Mubeen et al. (2016). Results of descriptive statistics revealed the emerging trends in migrants’ RI, CPI, RGDP and REM GDP. Results for regression analysis revealed that migrants’ remittance inflows have statistical positive influence to boost economic growth of TARRS. However, results for regression estimated coefficients revealed that there is no significant impact of CPI on RGDP and there is no significant relationship between REM GDP and RGDP. Thus, leveraging business purpose and management of migrants’ remittances in Asian countries imply policy recommendations to address the urgent need for effective government policies to harness the market power of migrants’ remittances to transform economies through multilateral strategic partnership with public and private financial institutions, including other business stakeholders for the attainment of long-term goals and benefits.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Business and Management Research (ICBMR 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
23 December 2020
ISBN
10.2991/aebmr.k.201222.013
ISSN
2352-5428
DOI
10.2991/aebmr.k.201222.013How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Nicky C. Cardenas
PY  - 2020
DA  - 2020/12/23
TI  - Harnessing International Market Power of Migrants’ Remittances for Economic Growth
BT  - Proceedings of the International Conference on Business and Management Research (ICBMR 2020)
PB  - Atlantis Press
SP  - 91
EP  - 98
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201222.013
DO  - 10.2991/aebmr.k.201222.013
ID  - Cardenas2020
ER  -