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. Robust evidence based on the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii …) Africa’s financial system is not potent enough for propelling remittances towards the equalisation of incomes, and (iii) vis …-à-vis financial access and depth, inefficiencies characterising Africa’s financial institutions is the main reason remittances …
Persistent link: https://www.econbiz.de/10013263036
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 …
Persistent link: https://www.econbiz.de/10012265886
Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the … Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances … labor market and encouraging uncontrolled individual relocation. This paper also reveals that although remittances have …
Persistent link: https://www.econbiz.de/10012506307
Development economists have enjoined Africans to leverage on remittance as their main source of investment financing due to its constant and undisrupted inflows despite structural distortions and economic weaknesses compared to other sources of financial flows in recent time. This ignited the...
Persistent link: https://www.econbiz.de/10012493358
This study based on a panel of 37 sub-Saharan Africa countries over the period of 2000-2019 explores the effect of a … insignificant in boosting economic diversification of sub-Saharan Africa countries. The study recommended amongst others that … individuals in sub-Saharan Africa countries should have improved access to Information and Communications Technology …
Persistent link: https://www.econbiz.de/10014497275
participation in the development of the financial system in Africa. Thus, personal freedom is important for Africa's financial … institutions, specifically personal freedom, and financial development in Africa. By employing data from 40 African countries over … Africa. This research also emphasis the necessity for continuous policy evaluation to provide a strategic roadmap for …
Persistent link: https://www.econbiz.de/10015375656
How remittances contribute to the economies of remittance-receiving developing countries is a global issue. Considering … Nepal as a highly remittance-receiving country, this paper primarily examines the impact of remittances on economic growth … the effects of remittances on economic growth. The bound test approach of cointegration and the error correction model …
Persistent link: https://www.econbiz.de/10015070431
Financial inclusion is a key element of social inclusion, particularly useful in combat-ing poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. This study intends to investigate the impact of financial inclusion on reducing...
Persistent link: https://www.econbiz.de/10012256406
study hypothesized that Fintech transmits directly to financial development among emerging Africa but indirectly through … efficiency and financial inclusion as panaceas to promote financial development in Africa. …
Persistent link: https://www.econbiz.de/10013179597
migrants’ remittances on financial inclusion in selected SSA countries. Pooled Mean Group (PMG) form of panel ARDL was employed … robustness checks. For the purpose of this empirical investigation, we collected data on Remittances, Account Ownership and … Income Per Capita for 27 SSA countries based on data availability. The conclusion is that remittances have no significant …
Persistent link: https://www.econbiz.de/10012623540