The Impact of Entrepreneurship Framework and Behaviour on Diaspora Remittance: An African Perspective

Samuel Salia (), Javed G. Hussain, Yahaya Alhassan and Masud Ibrahim
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Samuel Salia: De Montfort University
Javed G. Hussain: Birmingham City University
Yahaya Alhassan: University of Sunderland
Masud Ibrahim: Coventry University

Chapter Chapter 7 in The Palgrave Handbook of African Entrepreneurship, 2022, pp 145-169 from Springer

Abstract: Abstract Remittance from the migrant population is increasingly relevant for many African economies to meet their balance of payment and household consumption. This study reimagines the role of diaspora by way of providing remittance, technology and entrepreneurship skills in order to develop entrepreneurship orientated economies within Africa. We employ multivariate regression models on data from 20 African countries throughout 2007–2018. The results suggest that entrepreneurial behaviour and attitudes combined with entrepreneurship framework are essential in promoting diaspora remittance inflows into Africa. Additionally, we report empirical evidence about how some country-specific attributes such as a country’s capacity to attract talent and retain human capital; enables the population to innovate and use technology. Specifically, we find that financing, technology coupled with entrepreneurial uptake leads to the development of entrepreneurial ecosystem. We argue that a holistic policy framework is required from international organisations such as the World Bank, Africa Development Bank and African Union towards raising awareness of this key source of finance to promote entrepreneurial-related projects.

Keywords: Diaspora remittance; Entrepreneurship ecosystem; Africa (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75894-3_7

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DOI: 10.1007/978-3-030-75894-3_7

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