Remittances and financial development in Sub-Saharan African countries: A system approach

Remittances and financial development in Latin America and the Caribbean countries: A dynamic approach

“…Before testing the causality between remittances and financial development, we check the stationarity of the variables expressed in logarithms like other studies using such methodologies in this model (e.g., Coulibaly, ). We use the main panel unit root tests based on homogeneous and heterogeneous models and on the cross‐sectional independence assumption: Levin, Lin, and Chu (LLC), Im, Pesaran, and Shin (IPS) (2005), and Maddala and Wu ().…”

“…The well‐developed financial system facilitates channeling the remittances more efficiently to the productive investments. Note that Chowdhury () and Coulibaly () also use the Granger causality test to investigate the possible endogenous relationship between remittances and financial development. They also found significant results but only of remittances to financial development.…”

“…Bettin, Lucchettia, & Zazzaro () estimate a micro‐behavioral model on remittances sent by legal immigrants who entered Australia between 1993 and 1995, and find that the degree of financial development does not influence the propensity to remit. Using the panel Granger causality test approach by Kónya (), Coulibaly () investigates the causality between remittances and financial sector development in SSA countries. Based on liabilities as a proxy for financial sector development, remittances positively influence financial development only in four countries (Niger, Senegal, Sierra Leone, and Sudan) and financial development positively impacts remittances only in Gambia.…”

Is Productivity Affected by Remittances? The Evidence from Morocco

“…However, Barajas et al (2009) find a negative impact of remittances on economic growth. Remittances play an important role in improving school attainment and health (Zhunio, Vishwasrao, & Chiang, 2012) while also promoting financial development (Coulibaly, 2015). Gyimah-Brempong and Asiedu (2015) suggest that remittances increase education and human capital.…”

The Impact of Natural Disasters on Remittances to Low- and Middle-Income Countries

“…A second fresh contribution of this paper is to investigate whether the financial development of the country hit by a natural disaster plays a role in affecting the response of remittances to such an adverse event. The relationship between remittances and financial development has been analyzed in the literature both indirectly, by looking at how they interact in promoting economic growth (Giuliano and Ruiz-Arranz, 2009;Mundaca, 2009;Ahamada and Coulibaly, 2011;, and directly, by analyzing to what extent remittances contribute to financial development (Gupta, Pattillo, and Wagh, 2009;Aggarwal, Demirgüç-Kunt, and Pería, 2011;Demirgüç-Kunt, Córdova, Pería, and Woodruff, 2011;Brown, Carmignani, and Fayad, 2013;Coulibaly, 2015) and to what extent the reverse holds true (Mookerjee and Roberts, 2011;Bettin, Lucchetti, and Zazzaro, 2012;Bang, Mitra, and Wunnava, 2013).…”