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The Effect of International Remittances on Economic Growth in Sub-Saharan Africa

2022-09-05 Business & Economics
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Release : 2022-09-05
Genre : Business & Economics
Kind : eBook
Book Rating : 051/5 ( reviews)

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Book Synopsis The Effect of International Remittances on Economic Growth in Sub-Saharan Africa by : Gashaw Atilaw

Download or read book The Effect of International Remittances on Economic Growth in Sub-Saharan Africa written by Gashaw Atilaw. This book was released on 2022-09-05. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Economics - Economic Cycle and Growth, grade: 3.75 (good), Ethiopian Civil Service University, language: English, abstract: This paper is about the effect of international remittances of economic growth in sub-Saharan Africa. For many developing economies, remittances constitute the single largest source of foreign exchange, exceeding export revenues, foreign direct investment (FDI), and other private capital inflows. This study aims to examine the effect of international remittances on economic growth in SSA countries using a panel data approach. The System Generalized Method of Moments was used as the main model of analysis. The sample consists of 29 SSA countries for the period 2004-2019. The study findings show that international remittance has a positive and significant effect on economic growth in SSA. The study recommends that SSA countries should be designing policies and strategies that facilitate less costly and hassle-free flow of remittances into national development. There is a need to have well-established institutional frameworks to train, support, and ensure the welfare of emigrants abroad by the provision of information or services to assist migrant welfare and promote remittances and investment in the home country.

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.

The Effects of Remittances on Economic Growth in Sub-Saharan Africa

2012* Developing countries
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Release : 2012*
Genre : Developing countries
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Book Rating : /5 ( reviews)

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Book Synopsis The Effects of Remittances on Economic Growth in Sub-Saharan Africa by : Learnmore Muchemwa

Download or read book The Effects of Remittances on Economic Growth in Sub-Saharan Africa written by Learnmore Muchemwa. This book was released on 2012*. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages

2019-08-16 Business & Economics
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Release : 2019-08-16
Genre : Business & Economics
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Book Rating : 487/5 ( reviews)

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Book Synopsis The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages by : Hector Perez-Saiz

Download or read book The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages written by Hector Perez-Saiz. This book was released on 2019-08-16. Available in PDF, EPUB and Kindle. Book excerpt: We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.

Remittance Markets in Africa

2011-01-01 Social Science
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Release : 2011-01-01
Genre : Social Science
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Book Rating : 534/5 ( reviews)

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Book Synopsis Remittance Markets in Africa by : Sanket Mohapatra

Download or read book Remittance Markets in Africa written by Sanket Mohapatra. This book was released on 2011-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.

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