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Exploring how Financial Sector Development Moderates the Distributional Impact of International Remittances on Domestic Investment: Evidence from Quantile Nonlinear ARDL Framework

International remittances have emerged as a significant and stable source of external finance in developing nations, often surpassing FDI and official development assistance in recent years. While remittances are widely recognized for their potential to stimulate domestic investment, their actual impact is heterogeneous across different segments of the economy, depending on household income levels, regional disparities, and access to financial services. This study examines how financial sector moderates the distributional impact of remittances on domestic investment. The study utilised the nov…

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