Can Remittance Inflow Fosters Economic Growth? What Matters? Evidence from Sub-Sahara African Countries

IF 1.2 Q4 BUSINESS

Journal of East-West Business Pub Date : 2022-04-03 DOI:10.1080/10669868.2022.2077505

B. Ayenew

引用次数: 2

Abstract

Abstract This study investigates the impact of remittance inflow on the economic growth of sub-Saharan African countries by considering the role of financial sector development, institutional quality, and economic freedom. The study includes 26 sub-Sahara African countries over the period 2010–2019. By employing the two-step system GMM, the finding shows remittance alone hurts economic growth. When remittance interacts with financial sector development, institutional quality, and economic growth, the coefficient of the interaction term is positive. The study concludes that a well-developed financial sector, better institutional quality, and economic freedom mitigates the negative impact of remittance inflow on economic growth.

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汇款流入能促进经济增长吗?重要吗?来自撒哈拉以南非洲国家的证据

摘要本研究通过考虑金融部门发展、制度质量和经济自由的作用，探讨了汇款流入对撒哈拉以南非洲国家经济增长的影响。该研究包括2010-2019年期间的26个撒哈拉以南非洲国家。通过采用两步GMM系统，研究结果表明，汇款本身就会损害经济增长。当汇款与金融部门发展、制度质量和经济增长相互作用时，相互作用项的系数为正。研究得出的结论是，发达的金融部门、较好的制度质量和经济自由度可以减轻汇款流入对经济增长的负面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of East-West Business BUSINESS-

CiteScore

2.10

自引率

26.70%

发文量

期刊介绍： Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.