Impact of financial flows on human development and income inequality in Asean countries

International financial flows like remittance and foreign direct investment (FDI) have been important elements of development strategy for many countries including the South East Asian countries. The general objective of this study is to evaluate the impact of financial flows on economic development...

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Main Author:	Abu Hassan, Siti Nurathirah
Format:	Thesis
Language:	English
Published:	2021
Subjects:	Emigrant remittances - Southeast Asia
Online Access:	http://psasir.upm.edu.my/id/eprint/114134/1/114134.pdf
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id	my-upm-ir.114134
record_format	uketd_dc
spelling	my-upm-ir.1141342024-12-06T02:48:51Z Impact of financial flows on human development and income inequality in Asean countries 2021-05 Abu Hassan, Siti Nurathirah International financial flows like remittance and foreign direct investment (FDI) have been important elements of development strategy for many countries including the South East Asian countries. The general objective of this study is to evaluate the impact of financial flows on economic development in the South East Asian region. Specifically, the first objective of this study is to examine the impact of remittance inflows on human development in selected East Asian countries (i.e. Indonesia, Malaysia, the Philippines, and Thailand) over the 1990 to 2019 period. The results based on panel estimators reveal that remittance inflows have a positive impact on human development. Additionally, financial development also appears to be important determinants of human development in the region. The second objective of this study is to investigate whether FDI inflows in the region play any role in reducing income inequality. Using a sample of ASEAN-5 countries (i.e. Indonesia, Malaysia, the Philippines, Singapore and Thailand) over the 1975-2017 period, the results obtained using Pool Mean Group (PMG) estimator reveal that FDI inflows has actually widened income inequality in the region. Interestingly, government expenditure appears to have significant influences in reducing income inequality. Therefore, policymakers should devise a specific policy which deliver a positive economic impact of remittance and FDI inflows in the region Emigrant remittances - Southeast Asia Investments, Foreign 2021-05 Thesis http://psasir.upm.edu.my/id/eprint/114134/ http://psasir.upm.edu.my/id/eprint/114134/1/114134.pdf text en public http://ethesis.upm.edu.my/id/eprint/18091 masters Universiti Putra Malaysia Emigrant remittances - Southeast Asia Investments, Foreign Wan Ngah, Wan Azman Saini
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English
advisor	Wan Ngah, Wan Azman Saini
topic	Emigrant remittances - Southeast Asia Emigrant remittances - Southeast Asia
spellingShingle	Emigrant remittances - Southeast Asia Emigrant remittances - Southeast Asia Abu Hassan, Siti Nurathirah Impact of financial flows on human development and income inequality in Asean countries
description	International financial flows like remittance and foreign direct investment (FDI) have been important elements of development strategy for many countries including the South East Asian countries. The general objective of this study is to evaluate the impact of financial flows on economic development in the South East Asian region. Specifically, the first objective of this study is to examine the impact of remittance inflows on human development in selected East Asian countries (i.e. Indonesia, Malaysia, the Philippines, and Thailand) over the 1990 to 2019 period. The results based on panel estimators reveal that remittance inflows have a positive impact on human development. Additionally, financial development also appears to be important determinants of human development in the region. The second objective of this study is to investigate whether FDI inflows in the region play any role in reducing income inequality. Using a sample of ASEAN-5 countries (i.e. Indonesia, Malaysia, the Philippines, Singapore and Thailand) over the 1975-2017 period, the results obtained using Pool Mean Group (PMG) estimator reveal that FDI inflows has actually widened income inequality in the region. Interestingly, government expenditure appears to have significant influences in reducing income inequality. Therefore, policymakers should devise a specific policy which deliver a positive economic impact of remittance and FDI inflows in the region
format	Thesis
qualification_level	Master's degree
author	Abu Hassan, Siti Nurathirah
author_facet	Abu Hassan, Siti Nurathirah
author_sort	Abu Hassan, Siti Nurathirah
title	Impact of financial flows on human development and income inequality in Asean countries
title_short	Impact of financial flows on human development and income inequality in Asean countries
title_full	Impact of financial flows on human development and income inequality in Asean countries
title_fullStr	Impact of financial flows on human development and income inequality in Asean countries
title_full_unstemmed	Impact of financial flows on human development and income inequality in Asean countries
title_sort	impact of financial flows on human development and income inequality in asean countries
granting_institution	Universiti Putra Malaysia
publishDate	2021
url	http://psasir.upm.edu.my/id/eprint/114134/1/114134.pdf
_version_	1818586186863607808

Impact of financial flows on human development and income inequality in Asean countries

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