Migrant remittances, financial market development, and per capita real growth in sub-Saharan Africa

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation Pub Date : 2023-07-31 DOI:10.5897/jat2023.0567

Akorede Ikpesu Olapeju

引用次数: 0

Abstract

The inflow of migrant remittances to developing economies in the recent past has been one of the most topical issues discussed in growth literature due to the increasing volume, stable nature, and capacity to enhance growth. This study examines the effect of migrant remittances and financial market development, on per capita real growth in sub-Saharan Africa (SSA). Data from twenty-seven African countries between the period 2000 and 2020 was employed for this study. The pool mean group (PMG) was deployed in analyzing the data. The study outcome revealed that migrant remittances positively influence and facilitate growth in the SSA region. The study also affirmed that equity market development contributes positively to growth in the SSA region. Furthermore, the study also established that banking sector development seems not to affect growth positively in the SSA. In addition, the study also recommends some policies for the region to implement.

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撒哈拉以南非洲的移民汇款、金融市场发展和人均实际增长

近年来，移民汇款流入发展中经济体一直是增长文献中讨论的最热门问题之一，因为其数量不断增加，性质稳定，具有促进增长的能力。本研究考察了移民汇款和金融市场发展对撒哈拉以南非洲(SSA)人均实际增长的影响。这项研究采用了2000年至2020年期间来自27个非洲国家的数据。采用池均值组(PMG)对数据进行分析。研究结果表明，移民汇款积极影响和促进了SSA地区的增长。该研究还肯定了股权市场的发展对SSA地区经济增长的积极贡献。此外，该研究还确定，银行业的发展似乎不会对SSA的增长产生积极影响。此外，研究还提出了一些政策建议，供该地区实施。

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 International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.