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Can Remittances Drive Inclusive Human Development in Sub-Saharan Africa?

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  • Yao, Koffi Yves
  • Kouakou, Auguste Konan

Abstract

This paper analyses the effect of remittances on inclusive human development in sub-Saharan Africa. It considers the conditional effects of ICT, dual nationality, and financial development within this relationship. Estimates were derived using Population-Averaged Generalised Estimating Equations (PA-GEE), Fixed Effects Instrumental Variable (FEIV), and Method of Moments-Quantile Regression (MM-QR) on a panel of 31 countries over the period 2010–2017. The findings indicate that remittances positively contribute to inclusive human development. The interaction between remittances, financial development, and ICT further enhances this impact, as does dual citizenship. These results are robust and suggest that ICT through collaboration between migrants and their country of origin, laws favouring multiple citizenship, an efficient financial system and a business-friendly institutional environment, optimises the effect of remittances on inclusive development in sub-Saharan Africa.

Suggested Citation

  • Yao, Koffi Yves & Kouakou, Auguste Konan, 2025. "Can Remittances Drive Inclusive Human Development in Sub-Saharan Africa?," MPRA Paper 123713, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123713
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    Keywords

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    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • K37 - Law and Economics - - Other Substantive Areas of Law - - - Immigration Law
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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