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To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high proportions of real investment to run a financial...
Persistent link: https://www.econbiz.de/10010305424
-run Granger causality are employed. Usage of optimally specified econometric methods in contradiction to purely discretionary …
Persistent link: https://www.econbiz.de/10011390809
This study investigates the relationship between financial development and economic growth in the Ivory Coast over the period from 1961 to 2014. The final goal of this research is to develop a procedure to identify the effects of financial reforms for the Ivory Coast economic growth. Therefore,...
Persistent link: https://www.econbiz.de/10011708745
-Yamamoto causality test and the nonlinear autoregressive distributed lag (NARDL) modeling framework to analyze the data. Our results show … stationary. Using the Toda-Yamamoto causality test, we find no causality running from financial development to economic growth …, but there is evidence of reverse causality from economic growth to financial development. Furthermore, the NARDL model …
Persistent link: https://www.econbiz.de/10015074758
-stationary dynamic panel data. Our estimation results reveal that causality nexus of poverty and remittances is bi-directional. We also …The aim of this article is to investigate the causal relationship between remittances and poverty reduction for 14 … weak impact on the poverty, remittances should be taken seriously, and this by taking measures by developed countries to …
Persistent link: https://www.econbiz.de/10011536967
There are varied findings on how the remittances, financial development and economic growth relationship works. Some … results show that remittances positively impact economic growth while financial development is found to have no significant … impact on economic growth. The interaction between the remittances and financial development variables is, however, found to …
Persistent link: https://www.econbiz.de/10013362919
and financial development. Therefore, regulating and redirecting remittances toward environmental sustainability will …
Persistent link: https://www.econbiz.de/10013450915
The purpose of this study is to examine the effect of financial development and remittances on economic growth across … financial development and remittances on economic growth with regard to WBC. Based on system GMM analysis, we found that … financial development (broad money stock ratio) and remittances shows positive impact on economic growth across WBC. However …
Persistent link: https://www.econbiz.de/10014001616
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 …
Persistent link: https://www.econbiz.de/10014278375
volatility is increased by trade openness and inflation, but remittances have a mixed effect. In order to benefit from financial …
Persistent link: https://www.econbiz.de/10014527334