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. Robust evidence from the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii) Africa …-à-vis financial access and depth, inefficiencies characterising Africa's financial institution is the main reason remittances …The study employs macro data on 42 African countries to examine whether remittances and financial development …
Persistent link: https://www.econbiz.de/10013257108
. Robust evidence based on the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii …) Africa’s financial system is not potent enough for propelling remittances towards the equalisation of incomes, and (iii) vis …-à-vis financial access and depth, inefficiencies characterising Africa’s financial institutions is the main reason remittances …
Persistent link: https://www.econbiz.de/10013263036
remittances are not statistically significant in promoting inclusive growth in Africa. Notably, across the economic growth and … development in the remittances-inclusive growth relationship. First, evidence based on the system GMM estimator shows that … income inequality dimensions of inclusive growth, we find that although remittances are ineffective in boosting the former …
Persistent link: https://www.econbiz.de/10014265891
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 …
Persistent link: https://www.econbiz.de/10011542423
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 …
Persistent link: https://www.econbiz.de/10011998019
The study investigated the relationship among remittances, financial development and economic growth in a panel of 20 …/ARDL estimations with panel unit root and cointegration tests. After establishing cointegration, remittances and financial development … financial development acted as a substitute in the remittances-growth relationship. Finally, unidirectional causal relationships …
Persistent link: https://www.econbiz.de/10012265886
remains mostly underdeveloped. The altruistic motives of sending remittances to Africa are likely to fade with time. In this …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 …
Persistent link: https://www.econbiz.de/10012603078
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 … in Africa has significantly remained underdeveloped and unstable. Finding a solution to Africa's financial deregulation …
Persistent link: https://www.econbiz.de/10012304906
In this paper, I measure the importance of remittances and financial development for developing countries. I estimate … channel for remittances to affect economic growth. The index brings together information from existing measures, reflecting … the more financial development in a country, the smaller becomes the impact of remittances on economic growth and it can …
Persistent link: https://www.econbiz.de/10011346094
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011409823