The asymmetric impacts of remittances on innovation in middle-income economies: A nonlinear autoregressive distributed lag approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A106235" target="_blank" >RIV/60460709:41110/25:106235 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S2444569X25001623?pes=vor&utm_source=clarivate&getft_integrator=clarivate" target="_blank" >https://www.sciencedirect.com/science/article/pii/S2444569X25001623?pes=vor&utm_source=clarivate&getft_integrator=clarivate</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jik.2025.100817" target="_blank" >10.1016/j.jik.2025.100817</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The asymmetric impacts of remittances on innovation in middle-income economies: A nonlinear autoregressive distributed lag approach

Popis výsledku v původním jazyce

Innovation is essential for promoting long-term growth in middle-income countries (MICs). Amid growing remittance inflows, understanding how these financial transfers influence innovation outcomes has become increasingly important; however, the prevailing literature overlooks the impact of remittances on innovation, mainly their asymmetrical effect. To address this gap, we employ the nonlinear autoregressive distributed lag approach and the Dumitrescu-Hurlin causality test. Specifically, we investigate the asymmetric effects of positive and negative remittance shocks on innovation in MICs over the short and long run, using panel data from 1996 to 2022. The study employs second-generation panel unit root tests to verify stationarity and second-generation cointegration analysis, confirming a stable long-term relationship among variables. Our findings indicate that positive remittance shocks stimulate innovation, while negative shocks have a detrimental impact. We also explore the significant positive association between innovation and key economic factors, including gross domestic product (GDP) per capita, CO2 emissions, financial development, and capital stock. These results can help policymakers design targeted policies that boost the economic benefits of remittance flows by aligning them with innovation-driven growth initiatives.

Název v anglickém jazyce

The asymmetric impacts of remittances on innovation in middle-income economies: A nonlinear autoregressive distributed lag approach

Popis výsledku anglicky

Innovation is essential for promoting long-term growth in middle-income countries (MICs). Amid growing remittance inflows, understanding how these financial transfers influence innovation outcomes has become increasingly important; however, the prevailing literature overlooks the impact of remittances on innovation, mainly their asymmetrical effect. To address this gap, we employ the nonlinear autoregressive distributed lag approach and the Dumitrescu-Hurlin causality test. Specifically, we investigate the asymmetric effects of positive and negative remittance shocks on innovation in MICs over the short and long run, using panel data from 1996 to 2022. The study employs second-generation panel unit root tests to verify stationarity and second-generation cointegration analysis, confirming a stable long-term relationship among variables. Our findings indicate that positive remittance shocks stimulate innovation, while negative shocks have a detrimental impact. We also explore the significant positive association between innovation and key economic factors, including gross domestic product (GDP) per capita, CO2 emissions, financial development, and capital stock. These results can help policymakers design targeted policies that boost the economic benefits of remittance flows by aligning them with innovation-driven growth initiatives.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Innovation & Knowledge

ISSN

2530-7614

e-ISSN

2530-7614

Svazek periodika

10

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

14

Strana od-do

1-14

Kód UT WoS článku

001582031800001

EID výsledku v databázi Scopus

2-s2.0-105016801437