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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 …
Persistent link: https://www.econbiz.de/10014265891
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/10013257108
This paper presents the pilot top-down climate stress test of the Hungarian banking system over the 2020-2050 horizon. The focus is on a core indicator of financial soundness, the ratio of non-performing loans. Three scenarios are considered with different grades of compliance with the Paris...
Persistent link: https://www.econbiz.de/10013489715
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 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
. Despite the volume and magnitude of remittances that have to serve as an alternative source of investment financing, African …African nations have in time, passed over-relied on remittances inflow to augment domestic finances needed for growth … remains mostly underdeveloped. The altruistic motives of sending remittances to Africa are likely to fade with time. In this …
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 … remittances was regressed on indices of financial sector development in fifty-three (53) African countries from 1986 through 2017 …
Persistent link: https://www.econbiz.de/10012304906
Research on the relationship between high-skilled migration and remittances has been limited by the lack of suitable …. Our results reveal that migrants' education has no significant impact on the likelihood of sending remittances …. Conditional on sending remittances, however, high-skilled migrants send significantly higher amounts of money to their households …
Persistent link: https://www.econbiz.de/10011558124
This paper uses a production function to examine the channels through which remittances affect output per worker in 31 … Sub-Saharan Africa (SSA) countries from 1980-2010. We find that remittances directly increase output per worker if … remittances have increased human capital among the low-income nations, among the upper-middle-income nations, they have mostly …
Persistent link: https://www.econbiz.de/10011409201