Achieving the sustainable development goals in developing countries: The role of remittances and the mediating effect of financial inclusion

Karim Barkat, Karim Mimouni, Mouyad Alsamara and Zouhair Mrabet

International Review of Economics & Finance, 2024, vol. 95, issue C

Abstract: This study investigates the pivotal role of remittances in advancing Sustainable Development Goals (SDGs) within developing countries. While previous literature has acknowledged the potential of remittances in fostering growth, empirical analyses on their impact on SDGs remain scant. Utilizing data from 109 developing countries spanning 2000 to 2022 and employing system GMM and the Lewbel's (2012) estimator to tackle endogeneity issues, we unveil significant positive effects of remittances on SDGs. Additionally, we identify financial inclusion as a mediating factor enhancing remittances' impacts on SDGs. Moreover, we show that remittances, international aid, and government spending exhibit complementary roles in SDGs attainment.

Keywords: Remittances; Sustainable development goals; Financial inclusion; Panel data (search for similar items in EconPapers)
JEL-codes: C23 F24 F63 G2 O1 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056024004520
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024004520

DOI: 10.1016/j.iref.2024.103460

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().