The Effects of Remittance and Financial Development on the Economic Growth in Asia-Pacific Countries

Trung Kien Tran and Gia Luat Diep

Chapter 3 in The Vietnamese Economy and the Fourth Industrial Revolution, 2026, pp 59-81 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Remittance has become an essential source of foreign income and remarkably influences the current accounts and economies of many nations. However, the relationship between remittance, financial development index, and national economic growth is still controversial. According to the database from 28 countries in the Asia-Pacific region from 1995 to 2018, the effects of remittance and financial development on economic growth are evaluated using empirical methods in this study. The results show that remittance hurts the economy, which can be seen as a constraint on economic growth. Specifically, the credit ratio in the private sector also harms economic development, and the financial development index has a significant effect on the economy.

Keywords: Vietnamese Economy; Fourth Industrial Revolution; Marketing; Behavioral Economics; Tourism; Management; Consumer Behavior; Ethical Leadership; Female Leadership; Work Motivation; Microfinance; Remittances; Digital Transformation; Business Management Strategies; Globalization; Industrialization (search for similar items in EconPapers)
JEL-codes: P2 (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811262258_0003 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811262258_0003 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789811262258_0003

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().