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The purpose of this study is to examine the effect of financial development and remittances on economic growth across … financial development and remittances on economic growth with regard to WBC. Based on system GMM analysis, we found that … financial development (broad money stock ratio) and remittances shows positive impact on economic growth across WBC. However …
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This study analyzes the interactive effects of migrant remittances and financial development on savings-investment gap … remittances reduce savings-investment gap in the long run. The gap is further reduced when the individual effect of financial … development, and the interactive effects of migrant remittances and financial development are taken into consideration. Further …
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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 …
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remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for … increases the likelihood that remittances are used for productive investment and decreases the likelihood that remittances are … remittances for productive investment, purchasing assets, and general consumption. …
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remittance triggers economic growth positively. Furthermore, the outcomes of the NARDL disclosed that both positive and negative …
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