REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI

REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI

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This study examines the role of remittances and economic growth in banking sector development in Fiji using annual data from 1980-2010. This study finds evidence of long run relationship between banking sector development, remittances and economic growth using bounds testing procedure developed by P...

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Main Author: Janesh Sami
Format: Article
Language:English
Published: EconJournals 2013-04-01
Series:International Journal of Economics and Financial Issues
Online Access:http://www.econjournals.com/index.php/ijefi/article/view/275/pdf
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spelling doaj-938bd6606628466990350a191f73566e2020-11-24T22:43:16ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382146-41382013-04-0132503511REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJIJanesh SamiThis study examines the role of remittances and economic growth in banking sector development in Fiji using annual data from 1980-2010. This study finds evidence of long run relationship between banking sector development, remittances and economic growth using bounds testing procedure developed by Pesaran et al. (2001). In addition, our causality analysis based on vector error correction model (VECM) and Toda Yamamoto Granger Non Causality test (1995) suggest that there is causality from economic growth and remittances to banking sector development. The study indicates that remittances inflows may not be only important for economic growth but also for development of banking sector. It is thus, important for policymakers to ensure that remittances flow through formal channels.http://www.econjournals.com/index.php/ijefi/article/view/275/pdf
collection DOAJ
language English
format Article
sources DOAJ
author Janesh Sami
spellingShingle Janesh Sami
REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
International Journal of Economics and Financial Issues
author_facet Janesh Sami
author_sort Janesh Sami
title REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
title_short REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
title_full REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
title_fullStr REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
title_full_unstemmed REMMITTANCES, BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN FIJI
title_sort remmittances, banking sector development and economic growth in fiji
publisher EconJournals
series International Journal of Economics and Financial Issues
issn 2146-4138
2146-4138
publishDate 2013-04-01
description This study examines the role of remittances and economic growth in banking sector development in Fiji using annual data from 1980-2010. This study finds evidence of long run relationship between banking sector development, remittances and economic growth using bounds testing procedure developed by Pesaran et al. (2001). In addition, our causality analysis based on vector error correction model (VECM) and Toda Yamamoto Granger Non Causality test (1995) suggest that there is causality from economic growth and remittances to banking sector development. The study indicates that remittances inflows may not be only important for economic growth but also for development of banking sector. It is thus, important for policymakers to ensure that remittances flow through formal channels.
url http://www.econjournals.com/index.php/ijefi/article/view/275/pdf
work_keys_str_mv AT janeshsami remmittancesbankingsectordevelopmentandeconomicgrowthinfiji
_version_ 1725696645228658688

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