Harnessing remittances for the poor: the role of institutions

Towards inclusive growth in Africa: Remittances, and financial development interactive effects and thresholds

“…Similar to our study, Akobeng (2021) explores the moderating of quality governance and financial institutions in the remittances-poverty nexus in sub-Saharan Africa over the period 1981-2010. The author finds that, although remittances directly contribute to poverty alleviation through entrepreneurship, innovation, and job creation, a robust financial sector and good governance amplify the poverty-reducing effects.…”

“…Although several studies have explored the conditional and unconditional effects of remittances on development outcomes such as economic growth, poverty and income inequality in Africa (see e.g., (Akobeng, 2021;Anyanwu, 2011;Fayissa and Nsiah, 2010;Ofori et al, 2022a;Ofori and Grechyna, 2021;Peprah et al, 2019;Song et al, 2021;Acheampong et al, 2021) , there remain some important research gaps in the literature. First, previous studies have not examined whether remittances interact with financial development to promote inclusive growth in Africa.…”

Foreign direct investment and inclusive green growth in Africa: Energy efficiency contingencies and thresholds

“…4 Specifically, some scholars contend that remittances (either monetary or nonmonetary) can spur economic growth and poverty alleviation by providing recipient households with the resources to mitigate consumption needs and material poverty (Acheampong et al, 2021, Chowdhury, 2016Song et al, 2020). Also, remittances can contribute to decreases in income inequality by promoting private sector productivity, job creation, and human capital development by boosting investment in health and education (Kumar & Patel, 2021;Akobeng, 2021;World Bank, 2018;Williams, 2016). Although concerns have been raised that remittances can heighten income inequality through the polarisation of resources (Prokhorova, 2017;Anyanwu, 2011) and environmental degradation, as related to the remittance-led emission hypothesis Khan et al, 2020), some studies argue that remittances can support improvement in environmental quality through the adoption and increased use of clean fuels and green technology (Wang et al 2021;Ahmad et al, 2019).…”

The Dynamics of Economic Globalization and Income Inequality in Sub-Saharan African Countries: An Empirical Insight from Two Stage Least Square and Fixed Effect Approach

“…Contrary, [68] using Mexico to examine the impact of remittances on inequality conclude that remittances lower inequality. Other empirical studies have found remittance to reduce income inequality [69][70][71][72][73][74] while others finds no significant effects [75,76].…”