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The International Journal of Applied Economics and Finance

Year: 2010 | Volume: 4 | Issue: 1 | Page No.: 31-45
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Authors

Deodat Emilson Adenutsi

Keywords

Research Article

Do International Remittances Promote Human Development in Poor Countries? Empirical Evidence from Sub-Saharan Africa

Deodat Emilson Adenutsi
This study examines the macroeconomic impact of inward international remittances on human-centered development in 15 Sub-Saharan African countries. Following the fixed-effects balanced panel data estimation procedure for the period, 1987 to 2007, the empirical results reveal that, indeed, international remittance inflows impact positively on human development in the long run. As per the empirical findings, the study concludes that, given the irreversible high propensity to travel abroad among the productively active citizens of the sub-region in a bid to earn a decent wage, the relevant institutions and policymakers within the sub-region should devise appropriate strategies and policy framework to attract higher remittances from abroad. The empirical model and methodology used in this study are relevant and, hence, can be applied in related fields of study.
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Professor A.K. Ahiawodzi Reply

I have read through this article. It is well-prepared and the methodology is excellent. The article addressed a very important anc current issue in development economics and finance. I shall recommend it to other colleagues to take a look at it.

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