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Role of ICT as a contingent factor in financial sector development, remittances, and economic growth nexus: an empirical study of Indonesia

Makun, Keshmeer and Jayaraman, T.K. (2020) Role of ICT as a contingent factor in financial sector development, remittances, and economic growth nexus: an empirical study of Indonesia. Bulletin of Monetary Economics and Banking, 23 (3). pp. 365-388. ISSN 1410-8046

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Abstract

This study examines the role of ICT as a factor in Indonesia’s financial sector development, remittances, and economic growth nexus using annual data from 1984-2017. We use the bounds testing procedure based on the Autoregressive Distributed Lag framework and the neoclassical growth model. The findings of the study reveal that ICT has indeed emerged as a significant factor in the remittance-growth nexus by playing a complementary role in financial sector development. The policy implication is that ICT needs to be supported at all levels and the financial inclusion process should be carried forward as it has all the potential to speed up economic growth and development.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
T Technology > T Technology (General)
Divisions: School of Accounting, Finance and Economics (SAFE)
Depositing User: Keshmeer Makun
Date Deposited: 22 Feb 2021 15:23
Last Modified: 22 Feb 2021 15:23
URI: http://repository.usp.ac.fj/id/eprint/12605
UNSPECIFIED

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