Role of Financial Sector in the Remittances-Growth Nexus in Fiji

Hong Chen () and Tiru Jayaraman ()
Additional contact information
Hong Chen: Senior Researcher, China Institute of Economic Transformation and Opening, Sun Yat-Sen University, Guangzhou, China

Remittances Review, 2016, vol. 1, issue 1, 17-36

Abstract: Amongst the three kinds of non-debt creating capital transfers, welcomed by capital-short Pacific island countries (PICs) for supplementing their limited domestic savings, remittances presently top the list, the other two being foreign aid and foreign direct investment. Remittances help poor families, reducing poverty. In the long run, however, the contribution of remittances to growth in output and economic development is contingent upon financial sector development (FSD). PICs are now fostering financial sector development by promoting greater financial inclusion. This paper seeks to assess the role of FSD in the nexus between remittances and output by undertaking an empirical study of Fiji.

Keywords: Remittances; financial sector development; output; Fiji; cointegration (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://journals.tplondon.com/index.php/rem/article/view/441/434 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mig:remrev:v:1:y:2016:i:1:p:17-36

Ordering information: This journal article can be ordered from
https://remittancesreview.com/

Access Statistics for this article

Remittances Review is currently edited by Prof Mariam Cornell

More articles in Remittances Review from Remittances Review
Bibliographic data for series maintained by Rem Rev ().