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. Robust evidence from the dynamic GMM estimator shows that: (i) remittances heighten income inequality in Africa, (ii) Africa …-à-vis financial access and depth, inefficiencies characterising Africa's financial institution is the main reason remittances …The study employs macro data on 42 African countries to examine whether remittances and financial development …
Persistent link: https://www.econbiz.de/10013257108
. 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
In this paper, I measure the importance of remittances and financial development for developing countries. I estimate … channel for remittances to affect economic growth. The index brings together information from existing measures, reflecting … the more financial development in a country, the smaller becomes the impact of remittances on economic growth and it can …
Persistent link: https://www.econbiz.de/10011346094
Sub-Saharan Africa (SSA) countries from 1980-2010. We find that remittances directly increase output per worker if …This paper uses a production function to examine the channels through which remittances affect output per worker in 31 … remittances have increased human capital among the low-income nations, among the upper-middle-income nations, they have mostly …
Persistent link: https://www.econbiz.de/10013005521
suitable to control for unobserved heterogeneity as well as simultaneous bias existing between remittances and migrant's stock …. The main novelty with respect to the existing literature is the use of transaction costs of remittances as a superior … remittances, such as improved economic conditions in the receiving country, Pakistani migrant's stock in the source country, and …
Persistent link: https://www.econbiz.de/10010358774
Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values … over time with the length of the migration spell, suggesting that remittances sent for portfolio motives become more likely …
Persistent link: https://www.econbiz.de/10013104946
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
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration … effects on receipt of remittances than net earnings potential of households in the country of origin. Second, the receipt of … remittances has a positive effect on emigration intentions of household members living in the country of origin. Therefore …
Persistent link: https://www.econbiz.de/10011343282
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
This study examines conditional financial development from information sharing in 53 African countries for the period 2004-2011, using contemporary and non-contemporary quantile regressions (QR) which enable the assessment of the effect of information sharing throughout the conditional...
Persistent link: https://www.econbiz.de/10011417477