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Private Remittances Received and Household Consumption in Ghana (1980-2016): An ARDL Analysis with Structural Breaks

Author

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  • Akpa, Emeka

Abstract

This study examined the short and long-run effects of private remittances on household consumption in Ghana from 1980 to 2016, controlling for structural breaks. Autoregressive Distributed Lag (ARDL) technique was used to investigate the relationship. Results showed that remittances positively impacted household consumption in Ghana in both the short and long-run howbeit, statistically insignificant. Hence, it was recommended, among other things that the government of Ghana collaborates with financial institutions to make remittance less expensive to encourage more remitting from the diaspora.

Suggested Citation

  • Akpa, Emeka, 2018. "Private Remittances Received and Household Consumption in Ghana (1980-2016): An ARDL Analysis with Structural Breaks," MPRA Paper 87103, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:87103
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    File URL: https://mpra.ub.uni-muenchen.de/87103/1/MPRA_paper_87103.pdf
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    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
    2. John Anyanwu & Andrew E. O. Erhijakpor, 2010. "Do International Remittances Affect Poverty in Africa?," African Development Review, African Development Bank, vol. 22(1), pages 51-91.
    3. Matthieu Clément, 2011. "Remittances and household expenditure patterns in Tajikistan: a propensity score matching analysis," Post-Print hal-00652405, HAL.
    4. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    5. Carlos Medina & Lina Cardona, 2010. "The Effects of Remittances on Household Consumption, Education Attendance and Living Standards: the Case of Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 72, pages 11-44.
    6. Peter Quartey, 2006. "The impact of migrant remittances on household welfare in Ghana," Research Papers RP_158, African Economic Research Consortium.
    7. Rasyad A. Parinduri & Shandre M. Thangavelu, 2008. "Remittance and Migrant Households' Consumption- and Saving Patterns: Evidence from Indonesia," NUBS Malaysia Campus Research Paper Series 2008-02, Nottingham University Business School Malaysia Campus.
    8. Matthieu Clément, 2011. "Remittances and household expenditure patterns in Tajikistan: A propensity score matching analysis," Post-Print hal-00807257, HAL.
    9. Clemént, Matthieu, 2011. "Remittances and Household Expenditure Patterns in Tajikistan: A Propensity Score Matching Analysis," Asian Development Review, Asian Development Bank, vol. 28(2), pages 58-87.
    10. Matthieu Clément, 2011. "Remittances and household expenditure patterns in Tajikistant: a propensity score matching analysis," Post-Print hal-00652410, HAL.
    11. repec:eco:journ1:2017-04-85 is not listed on IDEAS
    12. Matthieu Clément, 2011. "Remittances and household expenditure patterns in Tajikistan: A propensity score matching analysis," Post-Print hal-00652395, HAL.
    13. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Remittances; Household Consumption; ARDL; Structural Breaks;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances

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