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Migrant Remittances and Financial Inclusion in Africa: A Dynamic and Long-Run Approach

Migrant Remittances and Financial Inclusion in Africa: A Dynamic and Long-Run Approach

Abba Yadou Barnabe
Copyright: © 2021 |Pages: 16
ISBN13: 9781799848172|ISBN10: 1799848175|ISBN13 Softcover: 9781799856658|EISBN13: 9781799848189
DOI: 10.4018/978-1-7998-4817-2.ch010
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MLA

Barnabe, Abba Yadou. "Migrant Remittances and Financial Inclusion in Africa: A Dynamic and Long-Run Approach." Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa, edited by Evans S. Osabuohien, et al., IGI Global, 2021, pp. 153-168. https://doi.org/10.4018/978-1-7998-4817-2.ch010

APA

Barnabe, A. Y. (2021). Migrant Remittances and Financial Inclusion in Africa: A Dynamic and Long-Run Approach. In E. Osabuohien, E. Oduntan, O. Gershon, O. Onanuga, & O. Ola-David (Eds.), Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa (pp. 153-168). IGI Global. https://doi.org/10.4018/978-1-7998-4817-2.ch010

Chicago

Barnabe, Abba Yadou. "Migrant Remittances and Financial Inclusion in Africa: A Dynamic and Long-Run Approach." In Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa, edited by Evans S. Osabuohien, et al., 153-168. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-4817-2.ch010

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Abstract

The main objective of this chapter is to examine the effect of migrant remittances on financial inclusion in Africa from 2004 to 2017. Thus, the authors constructed a composite index of financial inclusion using principal component analysis (PCA). In addition, they examine the effect of remittances on financial inclusion using a system GMM and a pooled mean group (PMG). It is found that remittances have a negative effect on financial inclusion in the short run and a positive effect in the long run. Moreover, remittances have a negative long-term effect on the use of financial services and a positive long-term effect on access to financial services. This implies improved policies to both attract the flow of remittances through formal channels and improve financial inclusion.

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