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Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation

Oluwaseyi Adelowokan, Adesola Adesoye, Emeka Akpa () and Olukayode Maku

MPRA Paper from University Library of Munich, Germany

Abstract: The question of whether remittances and foreign aid at the macro level impact private consumption in SSA has been explored in this study. Twenty-nine (29) SSA countries were sampled for the study from 2002 to 2017. The System Generalized Method of Moment (SGMM) estimator was applied in the study to account for the dynamics in the model. Empirical evidence showed that foreign aid and remittances exerted positive but insignificant impact on private consumption.

Keywords: Remittances; Foreign Aid; Private Consumption; System GMM (search for similar items in EconPapers)
JEL-codes: E2 E21 F24 F35 (search for similar items in EconPapers)
Date: 2020-12-27
New Economics Papers: this item is included in nep-mac
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Published in KIU Journal of Social Sciences 4.5(2020): pp. 67-76

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