Economics

Nexus between financial inclusion, workers’ remittances, and unemployment rate in Asian economies

W. Wu, L. Hon-wei, et al.

This paper explores how financial inclusion and workers' remittances can reduce unemployment rates in Asian economies. With findings that link better access to ATMs, increased remittances, and financial globalization to lower unemployment, the research conducted by Wen Wu, Leow Hon-Wei, Siyao Yang, Iskandar Muda, and Zhaoyi Xu offers crucial insights for policymakers.

00:00

Playback language: English

Index

Abstract

This paper investigates the relationship between financial inclusion, workers’ remittances, and the unemployment rate in Asian economies using two-stage least squares (2SLS) and generalized method of moments (GMM) methods. The findings show that increased access to ATMs, higher remittances, more internet users, higher GDP, and greater financial globalization are associated with lower unemployment rates across various Asian regions. However, the effect of inflation on unemployment varies regionally. The study suggests policies promoting financial inclusion and efficient remittance channels to reduce unemployment.

Publisher

HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS

Published On

Oct 12, 2023

Authors

Wen Wu, Leow Hon-Wei, Siyao Yang, Iskandar Muda, Zhaoyi Xu

Related Publications

Explore these studies to deepen your understanding of the subject.

Business

Nexus between boardroom independence and firm financial performance: evidence from South Asian emerging market

M. J. Khan, F. Saleem, et al.

Business

Bridging the financial divide: a bibliometric analysis on the role of digital financial services within FinTech in enhancing financial inclusion and economic development

M. Afjal

Social Work

The influence of enterprise dormitories on the urban integration of migrant workers in China: an exploration of two distinct migration stages of individual and family migration and the differences between them

W. Wei and L. Zhang

Business

Do ESG controversies moderate the relationship between CSR and corporate financial performance in oil and gas firms?

A. García-amate, A. Ramírez-orellana, et al.

Listen, Learn & Level Up

Over 10,000 hours of research content in 25+ fields, available in 12+ languages.

No more digging through PDFs, just hit play and absorb the world's latest research in your language, on your time.

listen to research audio papers with researchbunny