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タイトル: Long-Run Macroeconomic Impact of International Migrant Remittances on Human Development in Low-Income Countries: A Panel Analysis of Sub-Saharan Africa
著者: Adenutsi, Deodat E
キーワード: International Migrant Remittances
Human Development
Fixed-Effects Panel Data Analysis
Sub-Saharan Africa
発行日: 2010-3
出版者: The Institute of Comparative Economic Studies, Hosei University
抄録: In order to provide an empirical insight into the role of international migrant remittance inflows in low-income countries, this paper examines at the macro level, the long-run impact of international migrant remittance inflows on overall human development in Sub-Saharan Africa which has been well-known as a perennial net exporter of labour to the industrialized world since the colonial era. The fixed-effects balanced annual panel data estimation procedure for the period, 1987 to 2007, on 18 Sub-Saharan African countries was used for the empirical analysis. The paper finds that, contrary to the apprehension of the remittance-pessimistic developmental school, international migrant remittance inflows have a significant positive long-run impact on overall human development in low-income Sub-Saharan African countries. This evidence suggests that the essential role of international migrant remittance inflows on the socioeconomic development of Sub-Saharan Africa should not be undervalued in formulating any contemporary economic development strategy for the sub-region. It is, therefore, recommended that governments of the sub-region should pursue remittance-attracting policy as one of the macroeconomic policies to stimulate human development in the long run.
URI: http://hdl.handle.net/10114/7048
ISSN: 09111247
出現コレクション:Journal of International Economic Studies


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