ROLE OF ICT AS A CONTINGENCY FACTOR IN FINANCIAL SECTOR DEVELOPMENT, REMITTANCES, AND ECONOMIC GROWTH NEXUS: AN EMPIRICAL STUDY OF INDONESIA

Bulletin Ekonomi Moneter dan Perbankan

卷:23

T.K. Jayaraman¹  Keshmeer Kanewar Makun² 

[1] University of Tunku Abdul Rahman;

[2] University of the South Pacific;

关键词: ict;    remittances;    financial sector development;    economic growth;   

DOI  :  10.21098/bemp.v23i3.1180

来源: DOAJ

【 摘 要 】

This study examines the role of ICT as a factor in Indonesia’s financial sector development, remittances, and economic growth nexus using annual data from 1984-2017. We use the bounds testing procedure based on the Autoregressive Distributed Lag framework and the neoclassical growth model. The findings of the study reveal that ICT has indeed emerged as a significant factor in the remittance-growth nexus by playing a complementary role in financial sector development. The policy implication is that ICT needs to be supported at all levels and the financial inclusion process should be carried forward as it has all the potential to speed up economic growth and development.

【 授权许可】

Unknown