Remittance volatility and financial sector development in sub-Saharan African countries

Opperman, Pieter; Adjasi, Charles K.D.

doi:10.1016/j.jpolmod.2018.11.001

Cited by 28 publications

(18 citation statements)

References 41 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The empirical literature analyzing the impact of remittances on private sector credit has outlined models to include indicators of income, inflation, official development assistance (ODA), and institutional quality (Brown et al, 2013;Fromentin and Leon, 2019;Opperman and Adjasi, 2019). This study uses this approach to examine the influence of remittances on private sector credit in 58 developing countries over the period 2004-2016.…”

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

“…Economies with a higher GDP per capita are believed to have better economies of scale in organizing and supporting financial institutions. The real GDP per capita is widely used as a measure of a country's level of economic development in studies on the link between remittances and financial development (e.g., Opperman and Adjasi, 2019). Economic development is hypothesized to require better financial development, which simultaneously contributes to financial development.…”

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

“…Lastly, institutional quality is believed to contribute positively to a country's development in all ways, including financial development (Opperman and Adjasi, 2019). The institutional element has several dimensions, such as political stability (ps it ), regulatory quality (rq it ), rule of law (rl it ), governance effectiveness (ge it ), and voice accountability (va it ).…”

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

See 2 more Smart Citations

Impact of Remittances on Private Sector Credit in the Pacific Island Countries

Chen

Chand²,

Singh³

2020

BEMP

View full text Add to dashboard Cite

We examine the effect of remittances on private sector credit in the Pacific Islandcountries (PICs) using the data from 58 developing countries from 2004 to 2016. Theanalysis provides strong evidence that the effect of remittance inflows on privatesector credit for PICs is positive and higher than that for other developing countries.In addition, the per capita gross domestic product, official development assistance,the number of bank branches, and institutional quality are also positively associatedwith private sector credit in PICs, while the Consumer Price Index is negativelyassociated with private sector credit. These results have important implications for thedevelopment of financial sector in PICs.

show abstract

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

Section: Empirical Methodology and Data A Empirical Methodologymentioning

confidence: 99%

See 1 more Smart Citation

Impact of Remittances on Private Sector Credit in the Pacific Island Countries

Chen

Chand²,

Singh³

2020

BEMP

View full text Add to dashboard Cite

show abstract

“…The main channel through which migrant remittances impact economic growth is the financial system [2]. Unfortunately, apart from the research of [4,5] on the impact of remittances on financial efficiency, no study to our knowledge has considered the role of financial efficiency on the relationship between remittances and economic growth. This paper tries to fill this gap in the literature.…”

Section: Original Research Articlementioning

confidence: 99%

“…Furthermore, the results suggest that remittances lead to increased financial efficiency in countries with high government ownership of banks. Focusing on the banking sector and the stock market, [5] examine the relationship between migrant remittances and its volatility on financial development (depth and efficiency) in SSA countries. The results show that the volatility of migrant remittances is detrimental to both the depth and efficiency of the financial sector and remittances act as a proxy for the banking system in SSA countries.…”

Section: Brief Review Of the Literaturementioning

confidence: 99%

Migrant Remittances and Economic Growth: The Role of Financial Efficiency

Ningaye

Barnabe

Ghislain

2020

SAJSSE

View full text Add to dashboard Cite

The objective of this paper is to examine the relationship between migrant remittances and economic growth by considering the role of financial efficiency in 34 African countries from 1995 to 2016. The methodology is based on a GMM system model and a Pooled Mean Group (PMG) on a sample of 34 African countries. The empirical results show us the following conclusions: (i) Migrant remittances and financial efficiency have a positive impact on economic growth. (ii) The interaction between remittances and financial efficiency has a negative impact on economic growth. (iii) Migrant remittances have a long-term impact on economic growth. (iv) The combined effect of migrant remittances and financial efficiency has a negative impact on economic growth. Moreover, this impact is more pronounced in low-and middle-income countries. To better benefit from migrant remittances, recipient countries need to focus on financial development.

show abstract

Short- and Long-Run Causality Between Remittances and Economic Growth in MENA Countries: A Panel ARDL Approach

Mim

Ali

2021

Economic Development in the MENA Region

View full text Add to dashboard Cite

Remittance volatility and financial sector development in sub-Saharan African countries

Cited by 28 publications

References 41 publications

Impact of Remittances on Private Sector Credit in the Pacific Island Countries

Impact of Remittances on Private Sector Credit in the Pacific Island Countries

Migrant Remittances and Economic Growth: The Role of Financial Efficiency

Short- and Long-Run Causality Between Remittances and Economic Growth in MENA Countries: A Panel ARDL Approach

Contact Info

Product

Resources

About