Linking remittances with financial development and ICT: a study of the Philippines
by Ronald Ravinesh Kumar
International Journal of Economics and Business Research (IJEBR), Vol. 5, No. 4, 2013

Abstract: The Philippines is the fourth largest recipient of remittances in the world with booming information and communications (ICT) services. In this study, we therefore explore the short-run and long-run nexus between remittance inflows, remittances interaction with financial development and ICT, trade openness and overseas development assistance (ODA) vis-à-vis income for the period 1976 to 2010 using ARDL bounds approach. The results show remittances and remittances interaction with ICT have positive effects on income. However, aid and remittances interaction with financial development have negative effects whereas trade openness is not statistically significant. Subsequently, encouraging remittance inflows though labour mobility, minimising transfer cost, harnessing benefits from mobile network operations, and reviewing remittance transfer fees via banking systems are would be ideal for scaling up ICT, and ensuring greater financial inclusion and sustainability of remittance inflows. Assessing aid-for-trade initiatives and building necessary infrastructure and institutions are equally crucial for long term development of the economy.

Online publication date: Mon, 30-Dec-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Business Research (IJEBR):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email