移民汇款和金融市场发展对撒哈拉以南非洲经济增长的互动效应

Q4 Decision Sciences

International Journal of Professional Business Review Pub Date : 2024-03-12 DOI:10.26668/businessreview/2024.v9i3.4346

O. Ikpesu

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引用次数: 0

摘要

目的：本研究旨在探讨移民汇款和金融市场发展对撒哈拉以南非洲（SSA）经济增长的互动影响。设计/方法/途径：本研究采用动态异质面板数据方法--集合均值组（PMG）技术，分析从 27 个国家获得的 2000-2020 年期间的数据。研究结果：研究结果表明，移民汇款和金融市场发展对该地区经济增长的交互影响是积极和显著的，这意味着两者之间存在互补关系。原创性：本研究的价值体现在对金融市场发展（即股票市场发展和银行业发展）等关键变量的测量上。此外，调查移民汇款和金融市场发展对撒哈拉以南非洲（SSA）经济增长的交互影响是互补还是替代，对于指导该地区的政策制定者具有重要意义。

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INTERACTIVE EFFECT OF MIGRANT REMITTANCES AND FINANCIAL MARKET DEVELOPMENT ON GROWTH IN SUB-SAHARAN AFRICA

Purpose: The aim of this study is to examine the interactive effect of migrant remittances and financial market development on growth in Sub-Saharan Africa (SSA). Design/Methodology/Approach: The study uses the dynamic heterogeneous panel data approach-the pool mean group (PMG) technique in analyzing data obtained from twenty-seven countries covering the period 2000- 2020. Findings: The study findings reveal that the interactive effect of migrant remittances and financial market development on growth in the region is positive and significant, implying a complementarity relationship. Originality: The value of the study is represented by the measurement of key variables like financial market development (i.e. equity market development and banking sector development). Also, investigating whether the interactive effect of migrant remittances and financial market development on growth in Sub-Saharan Africa (SSA) is complementarity or substitutes is of importance to guide policymakers in the region.

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来源期刊

International Journal of Professional Business Review Business, Management and Accounting-Business, Management and Accounting (miscellaneous)

自引率

0.00%

发文量

审稿时长

3 weeks