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RISS 인기검색어
- 검색키워드
- 저자 : EMMANUEL K.K. LARTEY (검색결과 2 건)
- 무료
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- 유료
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THE CYCLICALITY OF REMITTANCES IN SUB-SAHARAN AFRICA
EMMANUEL K.K. LARTEY 중앙대학교 경제연구소 2016 Journal of Economic Development Vol.41 No.1
This paper investigates the cyclicality of remittances to make inferences about whether they are sent for altruistic or self-interest reasons. The results show that remittances are procyclical, and therefore, do not support the general altruistic motive for sending remittances to sub-Saharan Africa. The results also do not lend credence to the portfolio choice hypothesis. Thus, the findings suggest that remittances to the sub-region may be driven by some other self-interest motives or family arrangements. These results, however, do not diminish the fact that remittances remain an important source of external finance to the sub-region, as evidenced in the literature.
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Remittances and manufacturing sector growth in sub-Saharan Africa
EMMANUEL K.K. LARTEY,Nigatu Getachew 한국국제경제학회 2021 International Economic Journal Vol.35 No.1
This paper analyzes the link between remittances and the growth of manufacturing value-added (MVA) and explores whether the quality of institutions and exchange rate policy matter for the dynamics of the relationship in sub-Saharan African (SSA) countries. The findings suggest that when the level of financial development is accounted for, remittances have a positive impact on MVA. The standalone effect of remittances on MVA is, however, negative. The results also suggest that there is a positive influence of exchange rate flexibility on the dynamics between remittances and MVA. Furthermore, improvement in the business environment seems to matter for the performance of the manufacturing sector, but it is not significant to the dynamics between remittances and MVA. The development of the financial sector, on that account, emerges as an important factor influencing the impact of remittances on the growth of the manufacturing sector in SSA countries.
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