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Analysis of The Effect of Remittance on Economic Growth in Developing Countries East Asia and Pacific Region
Abstract
This study determine how remittances affect economic growth in the developing
countries of East Asia and the Pacific region. The type of data in this study is
secondary data with the form of panel data. This research was conducted in the
period 2000-2019 in 11 developing countries in East Asia and the Pacific region.
This study used Random Effect Model estimation to determine the influence of
independent variables, namely GDP per capita with dependent variables, namely
remittances, working-age population, FDI, and trade openness. The result shows
that variable remittances and working-age populations positively and significantly
impact economic growth in developing countries in East Asia and the Pacific region.
The estimated results for FDI variables negatively and significantly affect developing
countries economic growth in East Asia and the Pacific region. Estimates for trade
openness variables have no significant effect on developing countries economic
growth in East Asia and the Pacific region.
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DOI: https://doi.org/10.21107/mediatrend.v16i2.10052
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