remains mostly underdeveloped. The altruistic motives of sending remittances to Africa are likely to fade with time. In this … financial development in Africa. The result further revealed that the exchange rate negatively influences financial development … in Africa. Based on the findings, it is suggested that, while attracting migrants' transfers which can have significant …

remittances are not statistically significant in promoting inclusive growth in Africa. Notably, across the economic growth and …, they deepen the latter. Second, we find that Africa's underdeveloped financial sector dampens the marginal positive effect … with complementary policies to foster inclusive growth in Africa, a minimum threshold of 14.5% is required. We conclude by …

and South Africa and applying the bounds test method of cointegration, this paper investigates the nature of the …