Pengaruh Remitansi Terhadap Financial Development: Studi Kasus Negara Berkembang
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Abstract
Penelitian ini menganalisis pengaruh remitansi terhadap financial development di 40 negara berkembang selama periode 2011–2020. Remitansi digunakan sebagai variabel utama, sedangkan natural resources, GDP per kapita, trade openness, inflasi dan rule of law digunakan sebagai variabel pengendali. Metode yang diterapkan adalah Generalized Method Of Moments (GMM) guna meminimalkan persoalan endogenitas pada model data panel dinamis. Hasil penelitian menemukan bahwa remitansi, natural resources, GDP per capita, rule of law memiliki pengaruh positif terhadap financial development, sedangkan, trade openness dan inflasi justru memberikan efek negatif terhadap financial development. Temuan ini menegaskan pentingnya remitansi dalam mendorong financial development di negara-negara berkembang.
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