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development assistance from overseas. This notwithstanding, migrants’ remittances imperatively remain a better source of finance … motivation for this study to assess how migrant remittances can directly and/or indirectly influence industrialization using a … panel data of 46 African countries from 1980 to 2017. The direct effect is evaluated through financial development channels …
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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 …
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This study analyzes the interactive effects of migrant remittances and financial development on savings-investment gap … for a panel of 18 Sub-Saharan Africa (SSA) countries from 1990-2017. Results from a panel ARDL model show that migrant … remittances reduce savings-investment gap in the long run. The gap is further reduced when the individual effect of financial …
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