Can Remittances Drive Inclusive Human Development in Sub-Saharan Africa?
Koffi Yves Yao and
Auguste Konan Kouakou
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper analyses the effect of remittances on inclusive human development in sub-Saharan Africa. It considers the conditional effects of ICT, dual nationality, and financial development within this relationship. Estimates were derived using Population-Averaged Generalised Estimating Equations (PA-GEE), Fixed Effects Instrumental Variable (FEIV), and Method of Moments-Quantile Regression (MM-QR) on a panel of 31 countries over the period 2010–2017. The findings indicate that remittances positively contribute to inclusive human development. The interaction between remittances, financial development, and ICT further enhances this impact, as does dual citizenship. These results are robust and suggest that ICT through collaboration between migrants and their country of origin, laws favouring multiple citizenship, an efficient financial system and a business-friendly institutional environment, optimises the effect of remittances on inclusive development in sub-Saharan Africa.
Keywords: Remittances; Inclusive Development; Human Development; Transnationalism; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: F24 K37 O15 O33 O55 (search for similar items in EconPapers)
Date: 2025-02-19
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:123713
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