EconPapers    
Economics at your fingertips  
 

What drives remittance inflows to Sub-Saharan Africa: A Dynamic Panel Approach

Francis M. Kemegue, Emmanuel Owusu-Sekyere () and Renee van Eyden ()

No 262, Working Papers from Economic Research Southern Africa

Abstract: This paper investigates the factors that drive and constrain remittance inflows into SubSaharan Africa (SSA) using annual data for 35 SSA countries from 1980 to 2008, generalised method of moments by Arellano and Bover (1995) and LSDV with Driscoll and Kraay (1998) corrected standard errors. We find that when cross-sectional dependence of the error term and individual effects are controlled for, host country economic conditions override home country income in driving remittances to SSA The quality of financial service delivery and investment opportunities in the home country and exchange rate considerations are also significant to remittance inflows to SSA. This is more consistent with self interest motives for remittance inflows than altruism. However there are country level differences.

Keywords: migration; remittances; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: F22 F24 O55 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2011
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mig
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
https://www.econrsa.org/node/285 (application/pdf)

Related works:
Working Paper: What Drives Remittance Inflows to Sub-Saharan Africa? A Dynamic Panel Approach (2011) Downloads
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:rza:wpaper:262

Access Statistics for this paper

More papers in Working Papers from Economic Research Southern Africa Contact information at EDIRC.
Bibliographic data for series maintained by Dane Rossenrode ().

 
Page updated 2021-04-12
Handle: RePEc:rza:wpaper:262