Financial inclusion and migrant remittances in Sub-Saharan Africa
A panel VAR approach
Bibliographic Data
| ID | 21515693 |
|---|---|
| Authors | Ebenezer Bugri Anarfo (0000-0002-8919-6040, Ghana Institute of Management and Public Administration), Godfred Amewu (0000-0002-6721-5909, Ghana Institute of Management and Public Administration), Gloria Clarissa Dzeha (0000-0002-2778-5798, Central University) |
| Year | 2020 |
| Volume | 47 |
| Issue | 7 |
| Pages | 809-829 |
| Publication date | 2020-07-15 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Social Economics (JOURNAL) |
| Journal identifiers | ISSN: 0306-8293 • E-ISSN: 1758-6712 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/ijse-10-2019-0612 |
| OpenAlex | W3035592950 |
| Language | EN |
| Citations received | 1 |
| References cited | 25 |
Purpose This study examines the causal and dynamic link between financial inclusion and migrant remittances in sub-Saharan Africa. Design/methodology/approach The study employed a panel vector autoregressive (VAR) framework to examine the dynamic relationship between financial inclusion and migrant remittances in sub-Saharan Africa. Findings The findings indicate that there is a reverse causality between financial inclusion and migrant remittances in sub-Saharan Africa. Practical implications The practical implications of these findings are that central governments and economic policymakers in sub-Saharan African countries should formulate and implement policies aimed at fostering financial inclusion if they are to attract more migrant remittances to promote economic growth and financial sector development. This suggests that these two variables are complementary and not contradictory. The results also suggest that central banks and other financial institutions can leverage the positive effect of financial inclusion of financial sector development to enhance the development of the financial sector instead of pursuing financial sector development as a policy objective. This means policies aimed at promoting financial inclusion will not impede or sacrifice migrant remittances, economic growth and financial sector development. Originality/value This paper is the first to construct a financial inclusion index to examine the link between financial inclusion and migrant remittances from the sub-Saharan Africa perspective Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2019-0612
Business · Development economics · Economics · Financial inclusion · Financial sector · Financial sector development · Financial services · Financial system · Panel data · Economic Growth and Development · Microfinance and Financial Inclusion · Migration and Labor Dynamics · Finance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |