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International Remittances and Productivity in Sub-Saharan Africa

Author

Listed:
  • Simplice A. Asongu

    (Johannesburg, South Africa)

  • Joseph Nnanna

    (Abuja, Nigeria)

Abstract

This research investigates how enhancing remittances affects total factor productivity (TFP) dynamics in Sub-Saharan Africa. The Generalised Method of Moments (GMM) empirical strategy is adopted for the purpose of the study and the engaged TFP dynamics are: TFP, real TFP, welfare TFP and real welfare TFP. Significant net effects are not apparent from enhancing remittances for TFP, real TFP growth and welfare TFP while positive net effects are apparent on real welfare TFP. The unexpected findings are elucidated and policy implications are discussed. This study has complemented the attendant literature by assessing how growing remittances influence dynamics of TFP in Sub-Saharan Africa.

Suggested Citation

  • Simplice A. Asongu & Joseph Nnanna, 2024. "International Remittances and Productivity in Sub-Saharan Africa," Journal of Africa SEER Centre(ASC) 24/005, Africa SEER Centre(ASC).
    • Handle: RePEc:dbm:wpaper:24/005
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    Keywords

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    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F30 - International Economics - - International Finance - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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