Unemployment and remittances nexus in Ghana: The gender perspective
AbstractThe present study aims at investigating the nexus between unemployment and remittances in Ghana, with a focus on the gender perspective. Using time-series data spanning from 1990 to 2021, the ARDL model is estimated. According to the findings, remittances, inflation, FDI, exports of goods an...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2023-06-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2243068 |
| _version_ | 1827875315159924736 |
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| author | Mohammed Ridwan Saani Abdul-Malik Abdulai Mubarik Salifu |
| author_facet | Mohammed Ridwan Saani Abdul-Malik Abdulai Mubarik Salifu |
| author_sort | Mohammed Ridwan Saani |
| collection | DOAJ |
| description | AbstractThe present study aims at investigating the nexus between unemployment and remittances in Ghana, with a focus on the gender perspective. Using time-series data spanning from 1990 to 2021, the ARDL model is estimated. According to the findings, remittances, inflation, FDI, exports of goods and services, and gross capital formation all have a long-run association with the unemployment rate. Remittances positively correlate with unemployment in the long run. All else being equal, remittances in Ghana tend to also increase female unemployment in the long run. In the short run, while the contemporaneous coefficient is negative, the lagged remittance positively correlates with the unemployment rate in Ghana. The lagged remittance further positively correlates with female and male unemployment in the short run. Finally, we also found a mediating effect of GDP on remittances in reducing the unemployment rate in Ghana. The study therefore recommends that, for remittances to reduce unemployment in the short run, policymakers ought to incentivize deposits of remittances in Ghanaian banks using attractive interest rates. As a result, this might encourage savings, investment, and economic growth, which would eventually result in a decrease in the unemployment rate in the long run. |
| first_indexed | 2024-03-12T17:05:57Z |
| format | Article |
| id | doaj.art-55b3293af5f64f26a165201f8b717ccd |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-12T17:05:57Z |
| publishDate | 2023-06-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-55b3293af5f64f26a165201f8b717ccd2023-08-06T13:05:50ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-06-0111210.1080/23322039.2023.2243068Unemployment and remittances nexus in Ghana: The gender perspectiveMohammed Ridwan Saani0Abdul-Malik Abdulai1Mubarik Salifu2Department of Economics, University for Development Studies, Tamale, GhanaDepartment of Economics, University for Development Studies, Tamale, GhanaDepartment of Economics, University for Development Studies, Tamale, GhanaAbstractThe present study aims at investigating the nexus between unemployment and remittances in Ghana, with a focus on the gender perspective. Using time-series data spanning from 1990 to 2021, the ARDL model is estimated. According to the findings, remittances, inflation, FDI, exports of goods and services, and gross capital formation all have a long-run association with the unemployment rate. Remittances positively correlate with unemployment in the long run. All else being equal, remittances in Ghana tend to also increase female unemployment in the long run. In the short run, while the contemporaneous coefficient is negative, the lagged remittance positively correlates with the unemployment rate in Ghana. The lagged remittance further positively correlates with female and male unemployment in the short run. Finally, we also found a mediating effect of GDP on remittances in reducing the unemployment rate in Ghana. The study therefore recommends that, for remittances to reduce unemployment in the short run, policymakers ought to incentivize deposits of remittances in Ghanaian banks using attractive interest rates. As a result, this might encourage savings, investment, and economic growth, which would eventually result in a decrease in the unemployment rate in the long run.https://www.tandfonline.com/doi/10.1080/23322039.2023.2243068unemploymentremittancesgender perspectiveARDL |
| spellingShingle | Mohammed Ridwan Saani Abdul-Malik Abdulai Mubarik Salifu Unemployment and remittances nexus in Ghana: The gender perspective Cogent Economics & Finance unemployment remittances gender perspective ARDL |
| title | Unemployment and remittances nexus in Ghana: The gender perspective |
| title_full | Unemployment and remittances nexus in Ghana: The gender perspective |
| title_fullStr | Unemployment and remittances nexus in Ghana: The gender perspective |
| title_full_unstemmed | Unemployment and remittances nexus in Ghana: The gender perspective |
| title_short | Unemployment and remittances nexus in Ghana: The gender perspective |
| title_sort | unemployment and remittances nexus in ghana the gender perspective |
| topic | unemployment remittances gender perspective ARDL |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2243068 |
| work_keys_str_mv | AT mohammedridwansaani unemploymentandremittancesnexusinghanathegenderperspective AT abdulmalikabdulai unemploymentandremittancesnexusinghanathegenderperspective AT mubariksalifu unemploymentandremittancesnexusinghanathegenderperspective |