Remittance and economic growth evidence from West Africa

John, Barnes Evans and Lawal, Mohammed Tahiru and Yaw, Ofori and Junior, Obed Danso-Mireku and Mahesh, M. (2015) Remittance and economic growth evidence from West Africa. Excel International Journal of Multidisciplinary Management Studies, 5 (5). pp. 73-83.

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The study was carried out in order to access the impact of migrant workers remittance inflows on economic growth in the ECOWAS sub-region. Annual panel data for 10 ECOWAS countries spanning from 2000 to 2013 were used for the study and Generalized Method of Moments (GMM) Arellano-Bond (Xtabond test) was employed in order to address the problem of endogeneity among the explanatory variables and ensure robust estimates. In concurrence with existing literature, our study suggests that remittances have positive effect on the economic growth of ECOWAS member countries. Specifically, we found that a 1percent increase in migrant remittance leads to approximately 17 percent increase in growth.

Item Type: Article
Uncontrolled Keywords: Remittance and Economic Growth and ECOWAS Countries and Migration
Subjects: A Arts and Humanities > Economics
Divisions: Department of > Economics and Cooperation
Depositing User: Shrirekha N
Date Deposited: 05 Jul 2019 05:24
Last Modified: 05 Jul 2019 05:24

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