Impacts of FDI and Remittance Inflows in Developing Asia: A Comparative Dynamic Panel Study
The paper explores the macroeconomic impacts of foreign direct investment (FDI) and remittance inflows in developing Asia. Asian developing economies are identified as the highest receiver of remittances and the region has also been consistently performing well in receiving of FDI inflows. As an ext...
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| Veröffentlicht in: | Economic papers (Economic Society of Australia) 2019-12, Vol.38 (4), p.311-328 |
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| creator | Sinha, Madhabendra Tirtosuharto, Darius Sengupta, Partha Pratim |
| description | The paper explores the macroeconomic impacts of foreign direct investment (FDI) and remittance inflows in developing Asia. Asian developing economies are identified as the highest receiver of remittances and the region has also been consistently performing well in receiving of FDI inflows. As an external source of capital formation, inflows of FDI and remittances affect foreign exchange rates and output. This study provides empirical evidence on the impact of FDI and remittances on real effective exchange rates and GDP in Asian developing countries using data over the period of 1981‐2015. Dynamic panel GMM technique is employed to overcome the endogeneity issue. Findings imply that both inflows of FDI and remittances have positive and significant impacts on exchange rates and GDP in developing Asia. Hence, remittances carry greater influence and significant impacts due to relatively stable inflows. |
| doi_str_mv | 10.1111/1759-3441.12260 |
| format | Article |
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Asian developing economies are identified as the highest receiver of remittances and the region has also been consistently performing well in receiving of FDI inflows. As an external source of capital formation, inflows of FDI and remittances affect foreign exchange rates and output. This study provides empirical evidence on the impact of FDI and remittances on real effective exchange rates and GDP in Asian developing countries using data over the period of 1981‐2015. Dynamic panel GMM technique is employed to overcome the endogeneity issue. Findings imply that both inflows of FDI and remittances have positive and significant impacts on exchange rates and GDP in developing Asia. 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Asian developing economies are identified as the highest receiver of remittances and the region has also been consistently performing well in receiving of FDI inflows. As an external source of capital formation, inflows of FDI and remittances affect foreign exchange rates and output. This study provides empirical evidence on the impact of FDI and remittances on real effective exchange rates and GDP in Asian developing countries using data over the period of 1981‐2015. Dynamic panel GMM technique is employed to overcome the endogeneity issue. Findings imply that both inflows of FDI and remittances have positive and significant impacts on exchange rates and GDP in developing Asia. 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| ispartof | Economic papers (Economic Society of Australia), 2019-12, Vol.38 (4), p.311-328 |
| issn | 0812-0439 1759-3441 |
| language | eng |
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| source | Wiley-Blackwell Journals; PAIS Index; Business Source Complete; EBSCOhost Education Source |
| subjects | Capital formation developing Asia Developing countries dynamic panel economic growth Economic models exchange rate FDI Foreign exchange Foreign exchange rates Foreign investment GDP GMM Gross Domestic Product International markets LDCs Longitudinal studies Macroeconomics Panel data remittance Remittances |
| title | Impacts of FDI and Remittance Inflows in Developing Asia: A Comparative Dynamic Panel Study |
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