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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
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
suitable to control for unobserved heterogeneity as well as simultaneous bias existing between remittances and migrant's stock …. The main novelty with respect to the existing literature is the use of transaction costs of remittances as a superior … remittances, such as improved economic conditions in the receiving country, Pakistani migrant's stock in the source country, and …
Persistent link: https://www.econbiz.de/10010358774
Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values … over time with the length of the migration spell, suggesting that remittances sent for portfolio motives become more likely …
Persistent link: https://www.econbiz.de/10013104946
study hypothesized that Fintech transmits directly to financial development among emerging Africa but indirectly through … efficiency and financial inclusion as panaceas to promote financial development in Africa. …
Persistent link: https://www.econbiz.de/10013179597
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration … effects on receipt of remittances than net earnings potential of households in the country of origin. Second, the receipt of … remittances has a positive effect on emigration intentions of household members living in the country of origin. Therefore …
Persistent link: https://www.econbiz.de/10010325523
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration … effects on receipt of remittances than net earnings potential of households in the country of origin. Second, the receipt of … remittances has a positive effect on emigration intentions of household members living in the country of origin. Therefore …
Persistent link: https://www.econbiz.de/10011343282
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....
Persistent link: https://www.econbiz.de/10011698477