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This empirical paper explores the link between remittance inflows and financial development in Ghana from 1980-2019. Empirical analyses are carried out using the ARDL VECM, DOLS, CCR and FMOLS techniques. Furthermore, the IRF and forecast FEVD analyses were employed to comprehend better...
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-Yamamoto causality test and the nonlinear autoregressive distributed lag (NARDL) modeling framework to analyze the data. Our results show …, but there is evidence of reverse causality from economic growth to financial development. Furthermore, the NARDL model …
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