AI Summary & Key Takeaways
AI InsightAccording to the results of the analysis made using the Two-Stage System Generalized Moments Method, workers' remittances, per capita GDP and trade openness, financial development, financial institutions and financial markets are statistically significant and positive, while inflation is negatively.
📌 3 Key Takeaways
Abstract
The aim of the study is to measure the effect of workers’ remittances on financial development. The study on 44 developing countries covers the period 1994-2017. In the empirical analysis of the study, financial development index data was used as the dependent variable. However, financial institutions and financial markets index data, which are the subcriteria of the index, are also used in the study as dependent variables. As independent variables, workers' remittances, GDP per capita, trade openness and inflation data are used. According to the results of the analysis made using the Two-Stage System Generalized Moments Method, workers' remittances, per capita GDP and trade openness, financial development, financial institutions and financial markets are statistically significant and positive, while inflation is negatively.
Özet
Çalúmann amac iúçi dövizlerinin finansal geliúme üzerindeki etkisini ölçmektir. Çalúma 44 geliúmekte olan ülkeyi ve 1994-2017 dönemini kapsamaktadr. Analizde ba÷ml de÷iúken olarak finansal geliúmiúlik endeksi kullanlmútr. Ayrca endeksin alt kriterleri olan finansal kurumlar ve finansal piyasalar endeksi verileri de ba÷ml de÷iúken olarak kullanlmútr. Ba÷msz de÷iúken olarak iúçi dövizi gelirleri, kiúi baú GSYH, ticari açklk ve enflasyon verileri kullanlmútr. øki aúamal sistem genelleútirilmiú momentler metodu kullanlarak yaplan analiz sonucuna göre iúçi dövizi gelirleri, kiúi baú GSYH ve ticari açklk finansal geliúmeyi, finansal kurumlar ve finansal piyasalar istatistiksel olarak anlaml ve pozitif etkilerken enflasyon negatif etkilemektedir.