Impact of Remittances on Economic Growth in Africa: An Econometric Analysis
We propose that natural disasters enable frequent and severe market manipulation. Remittances have impact on economic growth of African nations. We tested this proposition by employing panel data from 42 African nations from 2001 to 2020.The fixed effect model is representative of all models used i...
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| Format: | Article |
| Language: | English |
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EconJournals
2024-01-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/14867 |
| _version_ | 1797349025369817088 |
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| author | Md. Zobayer Bin Amir Md. Khaled Bin Amir |
| author_facet | Md. Zobayer Bin Amir Md. Khaled Bin Amir |
| author_sort | Md. Zobayer Bin Amir |
| collection | DOAJ |
| description |
We propose that natural disasters enable frequent and severe market manipulation. Remittances have impact on economic growth of African nations. We tested this proposition by employing panel data from 42 African nations from 2001 to 2020.The fixed effect model is representative of all models used in this study. The unemployment rate (UR) is used as an instrumental variable in the Generalized Momentum Method (GMM) estimation to reduce the endogeneity problem. This study suggests that remittances have a significant positive impact on the economic growth of African nations.
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| first_indexed | 2024-03-08T12:14:56Z |
| format | Article |
| id | doaj.art-648012ce6b44441f8afa1beb58e36291 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-03-08T12:14:56Z |
| publishDate | 2024-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-648012ce6b44441f8afa1beb58e362912024-01-22T14:42:45ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382024-01-0114110.32479/ijefi.14867Impact of Remittances on Economic Growth in Africa: An Econometric AnalysisMd. Zobayer Bin Amir0Md. Khaled Bin Amir1Department of Economics, Western Illinois University, USADepartment of Banking and Insurance, University of Dhaka, Bangladesh We propose that natural disasters enable frequent and severe market manipulation. Remittances have impact on economic growth of African nations. We tested this proposition by employing panel data from 42 African nations from 2001 to 2020.The fixed effect model is representative of all models used in this study. The unemployment rate (UR) is used as an instrumental variable in the Generalized Momentum Method (GMM) estimation to reduce the endogeneity problem. This study suggests that remittances have a significant positive impact on the economic growth of African nations. http://www.econjournals.com/index.php/ijefi/article/view/14867Remittances, Economic Growth, Africa, Migration, GDP |
| spellingShingle | Md. Zobayer Bin Amir Md. Khaled Bin Amir Impact of Remittances on Economic Growth in Africa: An Econometric Analysis International Journal of Economics and Financial Issues Remittances, Economic Growth, Africa, Migration, GDP |
| title | Impact of Remittances on Economic Growth in Africa: An Econometric Analysis |
| title_full | Impact of Remittances on Economic Growth in Africa: An Econometric Analysis |
| title_fullStr | Impact of Remittances on Economic Growth in Africa: An Econometric Analysis |
| title_full_unstemmed | Impact of Remittances on Economic Growth in Africa: An Econometric Analysis |
| title_short | Impact of Remittances on Economic Growth in Africa: An Econometric Analysis |
| title_sort | impact of remittances on economic growth in africa an econometric analysis |
| topic | Remittances, Economic Growth, Africa, Migration, GDP |
| url | http://www.econjournals.com/index.php/ijefi/article/view/14867 |
| work_keys_str_mv | AT mdzobayerbinamir impactofremittancesoneconomicgrowthinafricaaneconometricanalysis AT mdkhaledbinamir impactofremittancesoneconomicgrowthinafricaaneconometricanalysis |