| Project/Area Number |
21K01514
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Review Section |
Basic Section 07040:Economic policy-related
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| Research Institution | Ritsumeikan University |
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Principal Investigator |
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| Project Period (FY) |
2021-04-01 – 2024-03-31
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| Project Status |
Completed (Fiscal Year 2023)
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| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2023: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2022: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2021: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Keywords | Remittances / Economic growth / Technological progress / Entrepreneurship / Technological readiness / Resilience / COVID-19 / Microfinance / Poverty reduction / Africa |
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| Outline of Research at the Start |
Although remittances have grown to become the largest source of external financing for many African countries, there is still no convincing empirical investigation on their effects in affecting economic growth and poverty alleviation via the growing ICT-based micro-financial channels. Taking advantage of the recently available datasets in migrants' remittances, this research fills in this gap by extending the Romer's benchmark New growth model to account for migrants’ remittances and ICT to explore the related hypotheses.
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| Outline of Final Research Achievements |
The research highlights the crucial role of remittances in boosting SME resilience in Indonesia during COVID-19, finding that remittances were more effective than government aid. This challenges the view that public support is paramount for business survival during crises. Theoretical modeling predicts entrepreneurship development and poverty alleviation through non-monetary remittances, confirmed by survey data from Filipino migrants in Japan. Non-monetary remittances have a more direct impact on entrepreneurial success than monetary remittances alone. The study emphasizes upskilling the workforce, especially in digital skills. To harness non-monetary remittances' full potential, it recommends developing programs for skill transfer and incorporating these resources into national development plans. Additionally, skilled labor and technological readiness, particularly in ICT and AI, maximize remittance benefits but may lead to income inequality.
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| Academic Significance and Societal Importance of the Research Achievements |
This research is the first to analyze non-monetary remittances at micro and macroeconomic levels. Findings underscore remittances' broader implications beyond financial transfers. Development plans should incorporate non-monetary remittances, leveraging them for entrepreneurship and growth.
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