Macroeconomic Determinants of Remittance Inflows into Subsahara Africa
| dc.contributor.author | Lukman Adebayo Oke Abdulrauf | |
| dc.date.accessioned | 2025-02-13T08:45:36Z | |
| dc.date.available | 2025-02-13T08:45:36Z | |
| dc.date.issued | 2021 | |
| dc.description.abstract | The role of macroeconomic factors in determining remittance inflows has long been discussed in the literature. However, conflicting results, majorly due to the large consideration given to static analysis have kept the debate on. This and the importance of recognizing what determines remittance inflows into Sub-Saharan Africa influenced the emergence of this study. The study employed secondary data obtained from World Bank's World Development Indicators (WDI) for the period between 1996 and 2019. The parameters of the model were estimated using the panel autoregressive distributive lag (PARDL) model. The findings revealed that macroeconomic factors such as trade openness and global financial crisis led to increase in remittance inflows into Sub-Saharan Africa while the level of financial development caused a setback to these inflows. The study concluded that better macroeconomic conditions and financial crisis level attract more inflows of remittances into Sub-Saharan Africa. The study recommended that policymakers in Sub-Sahara African countries should take painstaking effort to liberalize their trade relation with the global community in order to aid good ties with them and consequently influence greater inflows of remittance into the region. | |
| dc.identifier.issn | 2756-374X | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/4330 | |
| dc.language.iso | en | |
| dc.publisher | Al-hikmah Journal of Economics | |
| dc.relation.ispartofseries | Vol. 2, No. 1 | |
| dc.title | Macroeconomic Determinants of Remittance Inflows into Subsahara Africa | |
| dc.type | Article |