scholarly journals Migrant Remittances and Economic Growth in ECOWAS Countries: Does Digitalization Matter?

2021 ◽  
Author(s):  
Moukpè Gniniguè ◽  
Essossinam Ali
Keyword(s):  
Economic Growth ◽  
Migrant Remittances

scholarly journals The Impact of Migrant Remittances on Economic Growth in Arab Countries

2019 ◽  
Vol 5 (2) ◽  
pp. 188
Author(s):  
Habib Ouni ◽  
Hela Miniaoui
Keyword(s):  
Economic Growth ◽  
Potential Role ◽  
Dynamic Panel Data ◽  
Arab Countries ◽  
Consumption Expenditure ◽  
Gulf Region ◽  
Dynamic Panel ◽  
Migrant Remittances ◽  
Using Data ◽  
The Impact

<p><em>The potential role that workers’ remittances are likely to play in promoting economic growth, especially in Arab countries, is currently attracting considerable attention. </em><em>These remittances have an impact on the remitting economies as well. </em><em>The Gulf region is considered one of the top sending countries of migrant remittances. In this study, empirical analysis is carried out with panel techniques using data over the last three decades for six Arab countries. Our results show that migrant remittances have a positive and significant impact on economic growth. This relationship is also significant when we use dynamic panel data. An indirect effect of remittances on economic growth is pointed out especially via the investment and the household final consumption expenditure channels. </em></p><p><em>Policymakers in Arab countries should take appropriate policy actions to increase the outflow of workers. Developed capital markets, as well as a sound macroeconomic policy environment, would provide incentives for sustainable remittances transfers.</em></p>

scholarly journals The Impact of Remittances on Poverty Alleviation in Selected Emerging Markets

2018 ◽  
Vol 21 (2) ◽  
pp. 51-68 ◽  
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Emerging Markets ◽  
Fixed Effects ◽  
Poverty Reduction ◽  
Ordinary Least Squares ◽  
Income Per Capita ◽  
Per Capita ◽  
Migrant Remittances ◽  
The Impact ◽  
Poverty Levels

The study explored the impact of remittances on poverty in selected emerging markets. On the theoretical front, the optimistic view argued that remittances inflow into the labour exporting country reduces poverty whereas the pessimistic view proponents said that remittances dependence syndrome retards both economic growth and income per capita. Separately, using two measures of poverty [the poverty headcount ratio at US $1.90 and US $3.10 a day (% of population)] as dependent variables, the fixed effects approach produced results which supported the remittances led poverty reduction (optimistic) hypothesis whereas the pooled ordinary least squares (OLS) framework found that remittances inflow into the selected emerging markets led to an increase in poverty levels. The implication of the findings is that emerging markets should put in place policies that attract migrant remittances in order to reduce poverty levels. They should avoid over‑reliance on remittances as that might retard economic growth and income per capita.

Sri Lanka’s Labour Migration Trends, Remittances and Economic Growth

2018 ◽  
Vol 38 (3_suppl) ◽  
pp. 61S-81S ◽  
Author(s):  
Sanika Sulochani Ramanayake ◽  
Chandana Shrinath Wijetunga
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Migrant Worker ◽  
Labour Migration ◽  
External Financing ◽  
State Involvement ◽  
Development Policies ◽  
Related Development ◽  
Migrant Remittances ◽  
And Gender

Labour migration has significant multiple impacts for Sri Lanka, where migrant remittances have massively increased over time. In the light of changing migrant worker dynamics, including state involvement in virtually exporting people, this article examines various trends of labour migration and then specifically analyses remittance inflows and their economic impacts in Sri Lanka between 1970 and 2015. Our findings confirm the increasing importance of remittances as a source of external financing, with considerable impetus for domestic economic growth, related development policies and gender issues. The conclusions make some suggestions to safeguard future remittance inflows to Sri Lanka.

scholarly journals Consumption-Savings Trade-Off in the Allocation of Migrants; Remittances and Economic Growth: The Cases of Burkina Faso and Senegal

2020 ◽  
pp. 11-20
Author(s):  
Samuel Maxime Coly ◽  
François Joseph Cabral
Keyword(s):  
Economic Growth ◽  
Burkina Faso ◽  
Computable General Equilibrium ◽  
Methodological Approach ◽  
West African ◽  
Economic And Monetary Union ◽  
Cge Modeling ◽  
Migrant Remittances ◽  
The Impact ◽  
Dynamic Computable General Equilibrium

The objective of this research is to assess the impact on growth of reallocating migrant remittances for savings/investment purposes. It focuses on two countries in the West African Economic and Monetary Union (WAEMU)' zone (Burkina Faso and Senegal). The methodological approach adopted is dynamic Computable General Equilibrium (CGE) modeling that integrates a procedure for reallocating remittances. Simulation results show that an increase in the propensity to save as a result of reallocation of remittances received by households for savings purposes leads to an increase in economic growth.

scholarly journals The Effect of Remittance, Consumption, and FDI on Economic Growth in ASEAN Countries

2021 ◽  
Vol 16 (2) ◽  
Author(s):  
Mega Mariska ◽  
Lies Maria Hamzah ◽  
Arivina Ratih
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Migrant Workers ◽  
Random Effect ◽  
Random Effect Model ◽  
Data Set ◽  
Asean Countries ◽  
Migrant Remittances ◽  
The Government ◽  
The Impact

One of the main indicators seen in reviewing the relationship between international workers and economic growth is remittances. Remittances obtained from workers abroad are one of the major sources of finance for developing countries. Remittances are also a source of finance in increasing migrant household incomes which encourage improved consumption which will affect economic growth. This study was conducted to explore the impact of migrant remittances, consumption and FDI on economic growth in 10 ASEAN countries using annual panel data from 2015-2019. This study uses panel data regression analysis with the Random Effect Model (REM) approach. The results showed that remittances, consumption and FDI positively and significantly contributed to economic growth in 10 ASEAN countries. Significant contribution of migrant remittances in economic growth if their use is directed to more productive sectors such as use in the investment sector can help the economies of ASEAN countries to maintain and increase economic growth. The government needs to improve the quality of migrant workers through education because a high level of education will affect the level of wages received by migrants and will have an impact on increasing remittances. The limitation in this study is the use of limited data, for 2020 it is not included in the data set used in the analysis. For this reason, further research should use 2020 data because in 2020 there be a new phenomenon, namely COVID-19 which can be traced to the impact of this phenomenon on remittances. Keywords: Remittances, Migrant, Economic Growth, Panel Data

scholarly journals THE INTERACTIVE EFFECTS OF REMITTANCES ON ECONOMIC GROWTH AND INEQUALITY IN WESTERN BALKAN COUNTRIES

2021 ◽  
Vol 22 (3) ◽  
pp. 757-775
Author(s):  
Ujkan Q. Bajra
Keyword(s):  
Economic Growth ◽  
Migrant Workers ◽  
Interactive Effect ◽  
Strong Support ◽  
Interactive Effects ◽  
Western Balkans ◽  
Migrant Remittances ◽  
The Individual ◽  
High Level ◽  
The Impact

Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances influence economic growth, their inflow also promotes a high level of migration and absorbs a large workforce by influencing the labor market and encouraging uncontrolled individual relocation. This paper also reveals that although remittances have eased income inequalities the share of remittances in a country’s economy has declined over the years. After testing for the endogeneity of remittances and controlling for various variables, the results indicate that migrant workers’ remittances do not provide strong support for economic growth and inequality. For the sample average, a 1-percent rise in the share of remittances in the economy (i.e., to GDP) will lead to a 0.10-percent rise in the economic cycle i.e. GDP growth, respectively will lead to a 0.05-percent drop in the share of people living in inequality. The findings also show that the interactive effect of remittances and foreign direct investment is lower on economic growth and inequality than the individual effect of each factor.

scholarly journals Migrant Remittances and Economic Growth: The Role of Financial Efficiency

2020 ◽  
pp. 48-59
Author(s):  
Ningaye Paul ◽  
Abba Yadou Barnabé ◽  
Balla Mekongo Célestin Ghislain
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
African Countries ◽  
Financial Efficiency ◽  
Middle Income ◽  
Middle Income Countries ◽  
Migrant Remittances ◽  
Long Term Impact

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.

Financial inclusion and migrant remittances in Sub-Saharan Africa: a panel VAR approach

2020 ◽  
Vol 47 (7) ◽  
pp. 809-829
Author(s):  
Ebenezer Bugri Anarfo ◽  
Godfred Amewu ◽  
Gloria Clarissa Dzeha
Keyword(s):  
Economic Growth ◽  
Peer Review ◽  
Financial Sector ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Content Type ◽  
Financial Sector Development ◽  
Sub Saharan ◽  
Migrant Remittances ◽  
Practical Implications

PurposeThis study examines the causal and dynamic link between financial inclusion and migrant remittances in sub-Saharan Africa.Design/methodology/approachThe study employed a panel vector autoregressive (VAR) framework to examine the dynamic relationship between financial inclusion and migrant remittances in sub-Saharan Africa.FindingsThe findings indicate that there is a reverse causality between financial inclusion and migrant remittances in sub-Saharan Africa.Practical implicationsThe practical implications of these findings are that central governments and economic policymakers in sub-Saharan African countries should formulate and implement policies aimed at fostering financial inclusion if they are to attract more migrant remittances to promote economic growth and financial sector development. This suggests that these two variables are complementary and not contradictory. The results also suggest that central banks and other financial institutions can leverage the positive effect of financial inclusion of financial sector development to enhance the development of the financial sector instead of pursuing financial sector development as a policy objective. This means policies aimed at promoting financial inclusion will not impede or sacrifice migrant remittances, economic growth and financial sector development.Originality/valueThis paper is the first to construct a financial inclusion index to examine the link between financial inclusion and migrant remittances from the sub-Saharan Africa perspectivePeer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2019-0612/

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