Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL

Abstract The empirical analysis examines the asymmetric effect of financial development and remittance on economic growth in MINT nations (Mexico, Indonesia, Nigeria, and Turkey). The present study utilized panel data covering the period from 1980 to 2019. The research objectives are to address the...

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Autores principales:	Jamiu Adetola Odugbesan, Tomiwa Adebayo Sunday, Gbolahan Olowu
Formato:	article
Lenguaje:	EN
Publicado:	SpringerOpen 2021
Materias:	Financial development Remittance Economic growth Nonlinear panel ARDL MINT Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/f504c55009f549d7a63700d816254b8c
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spelling	oai:doaj.org-article:f504c55009f549d7a63700d816254b8c2021-11-28T12:08:50ZAsymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL10.1186/s43093-021-00085-62314-7210https://doaj.org/article/f504c55009f549d7a63700d816254b8c2021-11-01T00:00:00Zhttps://doi.org/10.1186/s43093-021-00085-6https://doaj.org/toc/2314-7210Abstract The empirical analysis examines the asymmetric effect of financial development and remittance on economic growth in MINT nations (Mexico, Indonesia, Nigeria, and Turkey). The present study utilized panel data covering the period from 1980 to 2019. The research objectives are to address the questions: (a) Is there a long-run association between economic growth and the regressors? (b) Do financial development and remittance trigger MINT nations' economic growth? Moreover, the present study applied both linear panel ARDL and the novel panel nonlinear ARDL to capture the asymmetric impact of development and remittance on economic growth. The outcomes of the linear ARDL disclosed that both financial development and remittance triggers economic growth positively. Furthermore, the outcomes of the NARDL disclosed that both positive and negative shocks in financial development increase economic growth. In addition, a positive and negative shock in remittance increases economic growth in the long-run.Jamiu Adetola OdugbesanTomiwa Adebayo SundayGbolahan OlowuSpringerOpenarticleFinancial developmentRemittanceEconomic growthNonlinear panel ARDLMINTBusinessHF5001-6182FinanceHG1-9999ENFuture Business Journal, Vol 7, Iss 1, Pp 1-9 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Financial development Remittance Economic growth Nonlinear panel ARDL MINT Business HF5001-6182 Finance HG1-9999
spellingShingle	Financial development Remittance Economic growth Nonlinear panel ARDL MINT Business HF5001-6182 Finance HG1-9999 Jamiu Adetola Odugbesan Tomiwa Adebayo Sunday Gbolahan Olowu Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
description	Abstract The empirical analysis examines the asymmetric effect of financial development and remittance on economic growth in MINT nations (Mexico, Indonesia, Nigeria, and Turkey). The present study utilized panel data covering the period from 1980 to 2019. The research objectives are to address the questions: (a) Is there a long-run association between economic growth and the regressors? (b) Do financial development and remittance trigger MINT nations' economic growth? Moreover, the present study applied both linear panel ARDL and the novel panel nonlinear ARDL to capture the asymmetric impact of development and remittance on economic growth. The outcomes of the linear ARDL disclosed that both financial development and remittance triggers economic growth positively. Furthermore, the outcomes of the NARDL disclosed that both positive and negative shocks in financial development increase economic growth. In addition, a positive and negative shock in remittance increases economic growth in the long-run.
format	article
author	Jamiu Adetola Odugbesan Tomiwa Adebayo Sunday Gbolahan Olowu
author_facet	Jamiu Adetola Odugbesan Tomiwa Adebayo Sunday Gbolahan Olowu
author_sort	Jamiu Adetola Odugbesan
title	Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
title_short	Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
title_full	Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
title_fullStr	Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
title_full_unstemmed	Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL
title_sort	asymmetric effect of financial development and remittance on economic growth in mint economies: an application of panel nardl
publisher	SpringerOpen
publishDate	2021
url	https://doaj.org/article/f504c55009f549d7a63700d816254b8c
work_keys_str_mv	AT jamiuadetolaodugbesan asymmetriceffectoffinancialdevelopmentandremittanceoneconomicgrowthinminteconomiesanapplicationofpanelnardl AT tomiwaadebayosunday asymmetriceffectoffinancialdevelopmentandremittanceoneconomicgrowthinminteconomiesanapplicationofpanelnardl AT gbolahanolowu asymmetriceffectoffinancialdevelopmentandremittanceoneconomicgrowthinminteconomiesanapplicationofpanelnardl
_version_	1718408234479386624

Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL

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