Human Capital Flight, Remittances and the Problem of Achieving Sustainable Economic Growth in Africa

Samuel B. Adewumi, Chinedu J. Ogbodo and James E. Onoh
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Samuel B. Adewumi: Department of Economics, University of Nigeria, Nsukka
Chinedu J. Ogbodo: Department of Economics, University of Nigeria, Nsukka
James E. Onoh: Department of Economics, University of Nigeria, Nsukka

International Journal of Research and Innovation in Social Science, 2019, vol. 3, issue 3, 190-197

Abstract: The research employed data from twenty African countries namely: Nigeria, Ghana, Benin, Senegal, Niger, Cote d’Ivoire, Gambia, Rwanda, Tanzania, Sudan, Kenya, Ethiopia, Tunisia, Morocco, Egypt, Algeria, Zambia, South Africa, Namibia and Mozambique; and with variables such as real GDP, stock of physical capital, labour force, remittances received, per capita income, human capital flight-proxied by net migration, education-proxied by secondary school enrolment and technology- proxy by total factor productivity. The data were collected for the rage of 40 years (1977-2016). The result shows that remittances, per capital income, labour force, stock of physical capital, education and total technology exert positive relationship with economic growth, while human capital flight shows non-significant relationship with economic growth. We therefore recommend proper channeling of remittances in productive activities, as remittances can serve as compensation for human capital flight.

Date: 2019
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