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文章基本信息

  • 标题:A Bounds Testing Analysis of Migrants Remittances and Financial Development in Selected Sub-Sahara African Countries
  • 本地全文:下载
  • 作者:Taiwo Ajilore ; Sylvanus Ikhide
  • 期刊名称:Review of Finance and Banking
  • 印刷版ISSN:2067-2713
  • 电子版ISSN:2067-3825
  • 出版年度:2012
  • 卷号:4
  • 期号:2
  • 出版社:Bucharest Academy of Economic Studies
  • 摘要:

    The study investigated the short and long run impact of remittances on financial development, using country-level data on five selected sub-Saharan African countries, which are Cape-Verde, Lesotho, Nigeria, Senegal and Togo. The study utilized the Auto-Regressive Distributed Lag (ARDL) bounds testing approach for testing the existence of co-integration relationships. The study documented the existence of long-run level relationships between remittances and financial development, and documented evidences which show that remittances promote financial development in Cape Verde, Lesotho, Senegal and Togo, but not in Nigeria. The study advocated policies that encourage and facilitate the uninterrupted flow of remittances transfers, adequate institutions, regulatory strengthening and sound macroeconomic policies in the selected countries.

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