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Impact of remittances on private sector credit in the pacific island countries

Chen, Hong and Chand, Shamal and Singh, Baljeet (2020) Impact of remittances on private sector credit in the pacific island countries. Bulletin of Monetary Economics and Banking, 23 . pp. 13-32. ISSN 1410-8046

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Abstract

We examine the effect of remittances on private sector credit in the Pacific Islandcountries (PICs) using the data from 58 developing countries from 2004 to 2016. Theanalysis provides strong evidence that the effect of remittance inflows on privatesector credit for PICs is positive and higher than that for other developing countries.In addition, the per capita gross domestic product, official development assistance,the number of bank branches, and institutional quality are also positively associatedwith private sector credit in PICs, while the Consumer Price Index is negativelyassociated with private sector credit. These results have important implications for thedevelopment of financial sector in PICs.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Fulori Nainoca - Waqairagata
Date Deposited: 13 May 2020 23:00
Last Modified: 13 May 2020 23:00
URI: http://repository.usp.ac.fj/id/eprint/12123
UNSPECIFIED

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