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Inclusive Competitive Business and Economic Welfare in Africa: The Role of Remittance Inflows

Author

Listed:
  • Daniel Ofori-Sasu

    (University of Ghana Business School)

  • Smile Dzisi

    (Koforidua Technical University)

  • Kojo Agyekum Asiama

    (Department of Accounting, Data Link Institute of Business and Technology)

  • Franklin Dodzi Odoom

    (Koforidua Technical University)

Abstract

The paper seeks to examine the joint effect of inclusive competitive business and remittance inflows on economic welfare in Africa. It employs a dynamic system GMM for a panel dataset of 54 African economies between 2006 and 2022. The study finds evidence to confirm that both ease of doing business and ease of starting business have a positive long-run effect on economic welfare. The results show a positive impact of remittance inflows on economic welfare growth. We find evidence to support that ease of doing business and ease of starting business individually complements remittance inflows in determining economic welfare. The marginal effect shows that the positive impact of the lagged values of inclusive competitive business on economic welfare is enhanced at higher levels of remittance inflows.

Suggested Citation

  • Daniel Ofori-Sasu & Smile Dzisi & Kojo Agyekum Asiama & Franklin Dodzi Odoom, 2023. "Inclusive Competitive Business and Economic Welfare in Africa: The Role of Remittance Inflows," International Journal of Global Business and Competitiveness, Springer, vol. 18(1), pages 28-37, December.
    • Handle: RePEc:spr:ijogbc:v:18:y:2023:i:1:d:10.1007_s42943-023-00087-x
    DOI: 10.1007/s42943-023-00087-x
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    More about this item

    Keywords

    Ease of doing business; Inclusive competitive business; Remittance inflows; Economic welfare;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • F3 - International Economics - - International Finance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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