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Akinlo, Taiwo, Dada, James. (1402). Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa. , (), -. doi: 10.22059/ier.2023.92229
Taiwo Akinlo; James Temitope Dada. "Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa". , , , 1402, -. doi: 10.22059/ier.2023.92229
Akinlo, Taiwo, Dada, James. (1402). 'Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa', , (), pp. -. doi: 10.22059/ier.2023.92229
Akinlo, Taiwo, Dada, James. Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa. , 1402; (): -. doi: 10.22059/ier.2023.92229

Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa

Iranian Economic Review
مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 25 اردیبهشت 1402
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22059/ier.2023.92229
نویسندگان
Taiwo Akinlo* 1؛ James Temitope Dada2
1Department of Economics, Adeyemi Federal University of Education, Ondo, Nigeria
2Department of Economics, Obafemi Awolowo University, Ile‑Ife, Nigeria
چکیده
This study specifically investigates the direct effect of financial development and remittances as well as the interaction effect of remittances and financial development (FD) on poverty reduction in various income groups in sub-Saharan Africa. The study employed the Panel ARDL model on data from 31 sub-Saharan countries during the period 1990-2020. The study found that in the long-run, both remittances and FD contribute to poverty reduction in sub-Saharan Africa, middle-income and low-income groups within the region. The study also found that the interaction of remittances and FD does not contribute to the poverty alleviation process. In the short-run, both remittances and FD fail to enhance poverty reduction in the region and among the income groups. Likewise, the interaction between remittances and FD does not contribute to poverty reduction in the region and within the income groups. The study found that the levels of income play no role in the relationship between remittances, financial development and economic growth but it has little effect in the short-run. There is a need to make financial institutions more efficient in promoting the inflow of remittances through the formal channel by easing and reducing the cost of the transaction of remittances.
کلیدواژه‌ها
Financial Development؛ Poverty Reduction؛ Remittances؛ Sub-Saharan Africa
آمار
تعداد مشاهده مقاله: 151


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