The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries … industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive … specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances …

African nations have in time, passed over-relied on remittances inflow to augment domestic finances needed for growth …. Despite the volume and magnitude of remittances that have to serve as an alternative source of investment financing, African … remains mostly underdeveloped. The altruistic motives of sending remittances to Africa are likely to fade with time. In this …

Despite the magnitude of remittances as an alternative source of investment financing in Africa, the financial sector … examine the structural linkages between remittances and financial sector development in Africa. Panel data on indices of … remittances was regressed on indices of financial sector development in fifty-three (53) African countries from 1986 through 2017 …

The paper assesses how remittances directly and indirectly affect industrialisation us ing a panel of 49 African … industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive … specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances …

development in the remittances-inclusive growth relationship. First, evidence based on the system GMM estimator shows that … remittances are not statistically significant in promoting inclusive growth in Africa. Notably, across the economic growth and … income inequality dimensions of inclusive growth, we find that although remittances are ineffective in boosting the former …

The study employs macro data on 42 African countries to examine whether remittances and financial development …. Robust evidence from the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii) Africa …'s financial system is not potent enough for repacking remittances towards the equalisation of incomes, and (iii) vis …