کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5053955 1476523 2015 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Remittances and financial development in Sub-Saharan African countries: A system approach
ترجمه فارسی عنوان
پرداخت های مالی و توسعه مالی در کشورهای جنوب صحرای آفریقا: رویکرد سیستم
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- I investigate the link between remittances and financial development in Sub-Saharan African (SSA) countries.
- There is no strong evidence supporting the view that remittances promote financial development in SSA countries.
- Financial development seems not to be a relevant determinant of remittances received in SSA countries.

This paper investigates the causality between remittances and financial sector development in Sub-Saharan African (SSA) countries. To this end, we employ the panel Granger causality testing approach that is based on Seemingly Unrelated Regressions (SUR) multivariate systems and Wald tests with country specific bootstrap critical values. Using annual data over the 1980-2010 period for 19 SSA countries, the study gives the following results. Based on liabilities as a proxy for financial sector development, remittances positively influence financial development only in four countries (Niger, Senegal, Sierra Leone and Sudan) and financial development positively impacts remittances only in Gambia. On the contrary, considering credit to measure financial depth, the results show that remittances positively affect financial development only in Sudan and financial development does not influence remittances in any country. Consequently, there is no strong evidence supporting the view that remittances promote financial development in SSA countries and financial development seems not to be a relevant determinant of remittances received in SSA countries.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 45, February 2015, Pages 249-258
نویسندگان
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