Remittances and economic growth: What lessons for the CEMAC zone?

Louis Bernard Tchekoumi and Patrick Danel Nya

Cogent Economics & Finance, 2023, vol. 11, issue 1, 2191448

Abstract: To the question of what lessons can be drawn from the relationship between migrant remittances and economic growth, this article provides an answer based on econometric evidence, using data from a sample of six countries belonging to the CEMAC zone, over the period 1990–2018. Using the PSTR2 and GMM3 models, we obtain two main results. First, there is a non-linear relationship between migrant remittances and economic growth that translates into the existence of two regimes, thus, confirming the existence of a threshold effect. Second, under the first regime, remittances have a positive and significant impact on economic growth, while under the second regime this impact is negative. The results suggest that the non-linear relationship between remittances and economic growth depends mainly on trade openness, private investment and political stability.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/23322039.2023.2191448 (text/html)
Access to full text is restricted to subscribers.

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:taf:oaefxx:v:11:y:2023:i:1:p:2191448

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/OAEF20

DOI: 10.1080/23322039.2023.2191448

Access Statistics for this article

Cogent Economics & Finance is currently edited by Steve Cook, Caroline Elliott, David McMillan, Duncan Watson and Xibin Zhang

More articles in Cogent Economics & Finance from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().