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Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

2009-10-01 Business & Economics
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Release : 2009-10-01
Genre : Business & Economics
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Book Rating : 638/5 ( reviews)

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Book Synopsis Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa by : Kyung-woo Lee

Download or read book Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa written by Kyung-woo Lee. This book was released on 2009-10-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.

Macroeconomic Determinants of Remittance Flows to Sub-Saharan Africa

2021
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Release : 2021
Genre :
Kind : eBook
Book Rating : 109/5 ( reviews)

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Book Synopsis Macroeconomic Determinants of Remittance Flows to Sub-Saharan Africa by : Deodat E. Adenutsi

Download or read book Macroeconomic Determinants of Remittance Flows to Sub-Saharan Africa written by Deodat E. Adenutsi. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt:

Remittances Inflow and Economic Growth Nexus in Sub-Saharan Africa

2023
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Release : 2023
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Book Synopsis Remittances Inflow and Economic Growth Nexus in Sub-Saharan Africa by : Kitessa Terefe

Download or read book Remittances Inflow and Economic Growth Nexus in Sub-Saharan Africa written by Kitessa Terefe. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: The challenge of 'growth' without development in most developing countries, particularly in the African region, has brought to the forefront the discussion of the effects of institutional quality and macroeconomic environment on the key determinants of growth and remittances inflows. This paper seeks to examine the capital inflow, here remittances, and economic growth nexus in Sub-Saharan African (SSA) countries with moderating role of institutional and macroeconomic stability: Employing a balanced panel data covering a sample of 32 countries over the period 2005 -2019, examined the hypothesis the effect of capital inflow on economic growth varies depending on the institutional quality of the recipient countries. To address the endogeneity problem, the study employed the system panel generalized method of moments (GMM) approach. The stationarity test for the unit root showed that all variables are integrated of order one, (I(1) and hence cointegrated. The dynamic panel data model and the granger causality test confirmed that there is bi-directional causality among remittance inflow, institutional quality and economic growth for the economy of SSA considering the macroeconomic environments. From the dynamic GMM model transparency and accountability in public sector augmenting with remittance inflows, property right interacted with remittance inflows and remittances interacted with policy index poses significant positive impact on per capita GDP growth. Thus, more has to be done on institutional quality and macroeconomic stability issues for their moderating roles for the effectiveness of the remittance inflows and hence their impact on the economic growth of the region.

International remittances and the household : analysis and review of global evidence

2007 Citizens
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Release : 2007
Genre : Citizens
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Book Synopsis International remittances and the household : analysis and review of global evidence by : Richard H. Adams

Download or read book International remittances and the household : analysis and review of global evidence written by Richard H. Adams. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities.

Remittances and Macroeconomic Volatility in African Countries

2015-03-02 Business & Economics
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Release : 2015-03-02
Genre : Business & Economics
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Book Rating : 944/5 ( reviews)

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Book Synopsis Remittances and Macroeconomic Volatility in African Countries by : Ahmat Jidoud

Download or read book Remittances and Macroeconomic Volatility in African Countries written by Ahmat Jidoud. This book was released on 2015-03-02. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittances—as a share of GDP—have a significant smoothing impact on output volatility but their impact on consumption volatility is somewhat small. Furthermore, remittances are found to absorb a substantial amount of GDP shocks in these countries. An investigation of the theoretical channels shows that the stabilization impact of remittances essentially hinges on two channels: (i) the size of the negative wealth effect on labor supply induced by remittances and, (ii) the strength of financial frictions and the ability of remittances to alleviate these frictions.

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