Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
By R. Singh, M. Haacker, Kyung-woo Lee, Maëlan Le Goff. Social Science Research Network, 2009
282 citations recorded by the source corpus.
This paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa. It assembles the most comprehensive data set available so far on remittances in the region; it comprises data for 36 countries for 1990 through 2008, and incorporates newly available data on the size and location of the diaspora.We find that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave counter-cyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.
Subfields: Development, Information Systems, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/c520ecf4650b9492b6261eac341c5ee1cf954405
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Development
In Information Systems
In Sociology and Political Science
Citations in the corpus
- Remittances and Economic Growth: Empirical Evidence from Bangladesh, India and Sri Lanka (2012, background): “The size of emigrant stocks is arguably the most important determinant of remittances (see Freund and Spatafora, 2008; Lueth and Ruiz-Arranz, 2008; Ratha and Shaw, 2006; and Singh et al., 2011).”
- Why Don't Remittances Appear to Affect Growth? (2014, unknown): “A second specification problem is that many of these studies control for overall investment (Chami et al. 2005; Giuliano and Ruiz-Arranz 2009; Singh et al. 2011).”
- Remittances and Vulnerability in Developing Countries (2014, methodology): “Many studies find that remittances are negatively correlated with income levels in the recipient country (El-Sakka and McNabb, 1999; Bouhga-Hagbe, 2006; Singh et al., 2011), that remittances mitigate the adverse effect of food-price shocks on the level and instability of household consumption in vul”
- FDI Flows to Sub-Saharan Africa: The Impact of Finance, Institutions, and Natural Resource Endowment (2012, unknown): “Consequently, following Asiedu and Lien (2011) and Singh et al. (2010), the present study adopts a dynamic system GMM estimator, which is proved to be asymptotically efficient and robust to heteroscedasticity.”