全球汇款的经济和治理驱动因素:对英国、美国和阿联酋向印度汇款的比较研究

IF 1.3 Q3 ECONOMICS
Imran Khan
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引用次数: 0

摘要

目的本文旨在分析经济和治理因素对英国、美国和阿联酋流入印度的汇款的影响。作者利用 1996 年至 2022 年的综合时间序列数据集,采用创新的非线性自回归分布滞后模型方法,研究了三个汇款来源国的经济增长、腐败控制和雇主数量对印度汇款流入的影响。研究结果结果表明,在阿联酋,经济增长和腐败控制的变化直接影响汇款流出。然而,阿联酋雇主的存在对印度的汇款流出影响甚微。至于英国,经济增长的波动主要推动了向印度的汇款流出。腐败控制和就业机会对汇款流出的影响微乎其微。在美国,经济增长对汇款外流的影响并不明显,而腐败控制和就业机会则对印度的汇款外流有显著影响。对主要汇款输出国的宏观经济因素进行分析,为印度决策者及其国际同行提供了宝贵的见解,以促进汇款流入。本研究重点关注三个国家,这三个国家合计贡献了印度约 50%的汇款,与现有文献通常关注的特定国家或地区相比,本研究提供了独特的贡献。最后,利用这些研究成果,致力于实现印度可持续发展目标的印度国家信息和通信技术研究所(NITI Aayog)可以有效监控与重要汇款国相关的宏观经济指标。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Economic and governance drivers of global remittances: a comparative study of the UK, US, and UAE to India

Purpose

The paper aims to analyse the impact of economic and governance factors on remittance inflows to India from the UK, USA and UAE. India is globally recognised as the largest recipient of remittances.

Design/methodology/approach

Using a comprehensive time series data set spanning 1996 to 2022, the authors use an innovative non-linear autoregressive distributed lag model approach to examine the influence of economic growth, corruption control and employer availability in the three source countries on remittance inflows to India.

Findings

The results indicate that in the UAE, changes in economic growth and corruption control directly affect remittance outflows. However, the presence of employers in the UAE has minimal impact on remittance outflows to India. Regarding the UK, fluctuations in economic growth primarily drive remittance outflows to India. The effect of corruption control and employment opportunities on remittance outflows is marginal. In the USA, economic growth does not notably impact remittance outflows, whereas corruption control and employment opportunities significantly influence the outflows to India.

Originality/value

These findings have important implications for policymakers. Analysing macroeconomic factors from key remittance-sending nations offers valuable insights for Indian policymakers and their international counterparts to enhance remittance inflows. The study focuses on three countries that collectively contribute to about 50% of India's remittances, providing a unique contribution compared to the usual country-specific or regional focus in existing literature. Finally, leveraging these findings, NITI Aayog, an organisation dedicated to achieving India's sustainable development goals, can effectively monitor macroeconomic indicators related to significant remittance-sending countries.

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来源期刊
CiteScore
2.80
自引率
8.30%
发文量
13
期刊介绍: The Journal of Financial Economic Policy publishes high quality peer reviewed research on financial economic policy issues. The journal is devoted to the advancement of the understanding of the entire spectrum of financial policy and control issues and their interactions to economic phenomena. Economic and financial phenomena involve complex trade-offs and linkages between various types of risk factors and variables of interest to policy makers and market participants alike. Market participants such as economic policy makers, regulators, banking and competition supervisors, corporations and financial institutions, require timely and robust answers to the contemporary and emerging policy questions. In turn, such answers require thorough input by the academics, policy makers and practitioners alike. The Journal of Financial Economic Policy provides the forum to satisfy this need. The journal publishes and invites concise papers to enable a prompt response to current and emerging policy affairs.
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