[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/ids/ijecbr/v5y2013i4p379-399.html
   My bibliography  Save this article

Linking remittances with financial development and ICT: a study of the Philippines

Author

Listed:
  • Ronald Ravinesh Kumar
Abstract
The Philippines is the fourth largest recipient of remittances in the world with booming information and communications (ICT) services. In this study, we therefore explore the short-run and long-run nexus between remittance inflows, remittances interaction with financial development and ICT, trade openness and overseas development assistance (ODA) vis-à-vis income for the period 1976 to 2010 using ARDL bounds approach. The results show remittances and remittances interaction with ICT have positive effects on income. However, aid and remittances interaction with financial development have negative effects whereas trade openness is not statistically significant. Subsequently, encouraging remittance inflows though labour mobility, minimising transfer cost, harnessing benefits from mobile network operations, and reviewing remittance transfer fees via banking systems are would be ideal for scaling up ICT, and ensuring greater financial inclusion and sustainability of remittance inflows. Assessing aid-for-trade initiatives and building necessary infrastructure and institutions are equally crucial for long term development of the economy.

Suggested Citation

  • Ronald Ravinesh Kumar, 2013. "Linking remittances with financial development and ICT: a study of the Philippines," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 5(4), pages 379-399.
    • Handle: RePEc:ids:ijecbr:v:5:y:2013:i:4:p:379-399
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=54254
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ronald Kumar & Madhukar Singh, 2014. "Role of health expenditure and ICT in a small island economy: a study of Fiji," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2295-2311, July.
    2. Ronald Kumar, 2014. "Exploring the role of technology, tourism and financial development: an empirical study of Vietnam," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(5), pages 2881-2898, September.
    3. Adedoyin, Festus Fatai & Bekun, Festus Victor & Driha, Oana M. & Balsalobre-Lorente, Daniel, 2020. "The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    4. Kumar, Ronald Ravinesh & Kumar, Radika Devi & Patel, Arvind, 2015. "Accounting for telecommunications contribution to economic growth: A study of Small Pacific Island States," Telecommunications Policy, Elsevier, vol. 39(3), pages 284-295.
    5. Ronald Kumar, 2014. "Exploring the nexus between tourism, remittances and growth in Kenya," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1573-1588, May.
    6. Sahar Afshan & Arshian Sharif & Abdelmohsen A. Nassani & Muhammad M. Q. Abro & Rubeena Batool & Khalid Zaman, 2021. "The role of information and communication technology (internet penetration) on Asian stock market efficiency: Evidence from quantile‐on‐quantile cointegration and causality approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2307-2324, April.
    7. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Nikeel Kumar & Syed Jawad Hussain Shahzad, 2019. "Exploring the effect of ICT and tourism on economic growth: a study of Israel," Economic Change and Restructuring, Springer, vol. 52(3), pages 221-254, August.

    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:ids:ijecbr:v:5:y:2013:i:4:p:379-399. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=310 .

    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.