Abstract

This study investigates the impact of remittance inflow on the economic growth of sub-Saharan African countries by considering the role of financial sector development, institutional quality, and economic freedom. The study includes 26 sub-Sahara African countries over the period 2010–2019. By employing the two-step system GMM, the finding shows remittance alone hurts economic growth. When remittance interacts with financial sector development, institutional quality, and economic growth, the coefficient of the interaction term is positive. The study concludes that a well-developed financial sector, better institutional quality, and economic freedom mitigates the negative impact of remittance inflow on economic growth.

摘要

本研究通过考虑金融部门发展、制度质量和经济自由的作用，调查汇款流入对撒哈拉以南非洲国家经济增长的影响。该研究包括 2010-2019 年期间的 26 个撒哈拉以南非洲国家。通过采用两步系统 GMM，研究结果表明仅汇款就损害了经济增长。当汇款与金融部门发展、制度质量和经济增长相互作用时，相互作用项的系数为正。该研究得出的结论是，发达的金融部门、更好的制度质量和经济自由可以减轻汇款流入对经济增长的负面影响。