Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Determinants of Financial Development in Top and Bottom Remittances and FDI Inflows Recipient Developing RegionsHow Does Institutional Quality Matter? Subject The topic of the resource C33; Developing regions; Economic globalization; F24; F60; Financial development; G10; G20; O18; Panel model; Remittance Description An account of the resource In this paper, we empirically examine the effects of remittances inflows, foreign direct investment (FDI) inflows, and institutional quality index on financial development index in the top (15 Europe and Central Asian countries) and bottom (29 Sub-Saharan African countries) remittances and FDI recipient developing regions using balanced panel data over the period 19842020. We used economic growth and government investment as control variables in the financial development function. The findings from the panel PMG-ARDL model indicate that inflows of remittances, FDI, and institutional quality stimulate (reduce) financial development in the top (bottom) region. This varying finding appears to be conditional on introducing institutional quality in financial development function as moderating factor. It finds that financial development is positively associated with remittance and FDI inflows in the presence of institutional quality as moderating channel for both the regions. Financial development is also significantly associated with economic growth in both regions. The mixed impact of domestic investment on financial development is found in both the regions. Our results are robust to the FGLS technique as an alternative econometric set-up. Interestingly, institutional quality reduces the weak effects of remittances and FDI inflows on financial development in the bottom region. Overall, our findings confirm the Mishkins (2009) economic globalization-led (i.e., remittances and FDI inflows) financial development hypothesis. The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2024. Creator An entity primarily responsible for making the resource Pal S.; Mahalik M.K. Source A related resource from which the described resource is derived Journal of the Knowledge Economy Publisher An entity responsible for making the resource available Springer Date A point or period of time associated with an event in the lifecycle of the resource 2024-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1007/s13132-024-01772-9" target="_blank" rel="noreferrer noopener">https://doi.org/10.1007/s13132-024-01772-9</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85184486149&amp;doi=10.1007%2Fs13132-024-01772-9&amp;partnerID=40&amp;md5=340b8f7e6e26eb5ce8f0d6e02e0f381e" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85184486149&amp;doi=10.1007%2fs13132-024-01772-9&amp;partnerID=40&amp;md5=340b8f7e6e26eb5ce8f0d6e02e0f381e</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 18687865 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Pal S., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, Kharagpur, 721302, India, School of Business and Management, Christ Deemed to be University, Karnataka, Bengaluru, 560029, India; Mahalik M.K., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, Kharagpur, 721302, India