Remittances and economic growth: What lessons for the CEMAC zone?

Autor:	Louis Bernard Tchekoumi, Patrick Danel Nya
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	Remittances economic growth PSTR model C33 F24 F43 Finance HG1-9999 Economic theory. Demography HB1-3840
Zdroj:	Cogent Economics & Finance, Vol 11, Iss 1 (2023)
Druh dokumentu:	article
ISSN:	23322039 2332-2039
DOI:	10.1080/23322039.2023.2191448
Popis:	AbstractTo the question of what lessons can be drawn from the relationship between migrant remittances and economic growth, this article provides an answer based on econometric evidence, using data from a sample of six countries belonging to the CEMAC zone, over the period 1990–2018. Using the PSTR2 and GMM3 models, we obtain two main results. First, there is a non-linear relationship between migrant remittances and economic growth that translates into the existence of two regimes, thus, confirming the existence of a threshold effect. Second, under the first regime, remittances have a positive and significant impact on economic growth, while under the second regime this impact is negative. The results suggest that the non-linear relationship between remittances and economic growth depends mainly on trade openness, private investment and political stability.
Databáze:	Directory of Open Access Journals
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