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  1. Remittances, finance and industrialisation in Africa
    Published: [2019]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    The paper assesses how remittances directly and indirectly affect industrialisation us ing a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 524
    No inter-library loan

     

    The paper assesses how remittances directly and indirectly affect industrialisation us ing a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive simultaneity-robust estimation techniques, namely: (i) Instrumental Fixed Effects (FE) to control for the unobserved heterogeneity; (ii) Generalised Method of Moments (GMM) to control for persistence in industrialisation and (iii) Instrumental Quantile Regressions (QR) to account for initial levels of industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances can drive industrialisation through the financial development mechanism. Policy implications are discussed.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204950
    Series: AGDI working paper ; WP/19, 009
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  2. Diaspora remittance inflow, financial development and the industrialisation of Africa
    Published: September 2016
    Publisher:  African Governance and Development Institute, [Yaoundé]

    The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 524 (16,37)
    No inter-library loan

     

    The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive simultaneity-robust estimation techniques, namely: (i) Instrumental Fixed Effects (FE) to control for the unobserved heterogeneity; (ii) Generalised Method of Moments (GMM) to control for persistence in industrialisation and (iii) Instrumental Quantile Regressions (QR) to account for initial levels of industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances can drive industrialisation through the financial development mechanism. Policy implications are discussed.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/149961
    Series: AGDI working paper ; WP/16, 037
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen