INTENSIFYING ECONOMIC GROWTH THROUGH REMITTANCES IN ASIA DEVELOPING COUNTRIES

After two following years of weakening (by 2.6 and 4.1% in 2015 and 2016 respectively), the World Bank estimates that international remittances to low- and middle-income countries have increased by 8.5 percent in 2017, reaching USD 466 billion (Ratha et al., 2018). This paper focuses on the second approach by treating the impact of remittances to the economic growth. The models have been tested using panel data that cover eight selected Asia developing countries over 2008-2017. the writer sees major findings.of this study, Firstly remittance has a positive relationship with economic growth. Another finding is a foreign direct investment (FDI) also has a positive relationship to economic growth. And lastly is current account balance (CAB) has a negative relationship to economic growth. Key words; Economic Growth, FDI, CAB, Developing countries