Inclusive Competitive Business and Economic Welfare in Africa: The Role of Remittance Inflows

Daniel Ofori-Sasu (), Smile Dzisi (), Kojo Agyekum Asiama () and Franklin Dodzi Odoom ()
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Daniel Ofori-Sasu: University of Ghana Business School
Smile Dzisi: Koforidua Technical University
Kojo Agyekum Asiama: Department of Accounting, Data Link Institute of Business and Technology
Franklin Dodzi Odoom: Koforidua Technical University

International Journal of Global Business and Competitiveness, 2023, vol. 18, issue 1, No 3, 28-37

Abstract: Abstract The paper seeks to examine the joint effect of inclusive competitive business and remittance inflows on economic welfare in Africa. It employs a dynamic system GMM for a panel dataset of 54 African economies between 2006 and 2022. The study finds evidence to confirm that both ease of doing business and ease of starting business have a positive long-run effect on economic welfare. The results show a positive impact of remittance inflows on economic welfare growth. We find evidence to support that ease of doing business and ease of starting business individually complements remittance inflows in determining economic welfare. The marginal effect shows that the positive impact of the lagged values of inclusive competitive business on economic welfare is enhanced at higher levels of remittance inflows.

Keywords: Ease of doing business; Inclusive competitive business; Remittance inflows; Economic welfare (search for similar items in EconPapers)
JEL-codes: D40 F3 L26 O24 O4 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s42943-023-00087-x

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