Remittances, financial development and economic growth in Africa
This study investigates the role of remittances and financial development on economic growth in a panel of 36 countries in Africa over the period 1980–2009. It uses a panel econometrics framework and the main findings of the study are as follows: (1) Remittances appear to be an important source of growth for these countries in Africa during the period under study. (2) Volatility of remittances appears to have a negative effect on the growth of countries in Africa.
Remittance Inflows and Economic Growth in Rwanda
This paper examines the impact of remittance inflows on economic growth in Sub-Saharan Africa (SSA) countries and Rwanda in particular for the period between 1980 and 2014. It explores whether the growth impact of remittances is conditional on the institutional and development factors in SSA countries. The analytical framework of this study is embedded in the debate between two dominant theoretical approaches about the growth effect of remittances; the national accounts and endogenous growth models.
Impact of Remittances on Economic Growth in Developing Countries: The Role of Openness
The paper examines the empirical relationship between remittances and economic growth for a sample of 62 developing countries over the time period 1990–2014. Remittances seem to promote growth only in the ‘more open’ countries. That is because remittances are in themselves not sufficient for growth. The extent of the benefit depends on domestic institutions and macroeconomic environment in the receiving country.