THE CHANGING IMPACT OF MACROECONOMIC ENVIRONMENT ON REMITTANCE INFLOWS IN SUB-SAHARAN AFRICA

Deodat Adenutsi, Meshach Aziakpono and Matthew Ocran

Journal of Academic Research in Economics, 2011, vol. 3, issue 2 (July), 136-167

Abstract: This paper identifies the core macroeconomic factors responsible for explaining the changing levels in international remittances received by SSA countries. A set of annual panel data on 36 SSA countries, covering 1980-2009, was used in a system Generalised Method of Moments following Blundell and Bond (1998) dynamic panel-data estimation technique. In order to provide a more detailed insight into the possible dynamics of varying impact of macroeconomic variables that explain remittances received in SSA, decade-based (1980-89, 1990-99, and 2000-09), as well as an overall study period, 1980-2009, estimations were carried out. It was found that both migrant home-country and host-country macroeconomic environment impact on remittance inflows in SSA with a varying impact overtime. In absolute terms, generally, whilst the impact of real exchange rate, migrant income, and institutional quality has been increasing on remittances overtime, the effects of family income and the rate of inflation has be decreasing overtime.

Keywords: Migrant; Remittances; Macroeconomic Policy; system Dynamic GMM Panel Estimation. (search for similar items in EconPapers)
JEL-codes: C23 F21 F22 F24 J61 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.jare-sh.com/downloads/abstract_jul_2011/chuku.pdf (application/pdf)

Related works:
Working Paper: The changing impact of macroeconomic environment on remittance inflows in sub-Saharan Africa (2011)
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:shc:jaresh:v:3:y:2011:i:2:p:136-167

Access Statistics for this article

Journal of Academic Research in Economics is currently edited by Claudiu Chiru

More articles in Journal of Academic Research in Economics from Spiru Haret University, Faculty of Accounting and Financial Management Constanta Contact information at EDIRC.
Bibliographic data for series maintained by Claudiu Chiru ().