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首页> 外文期刊>Global Economy Journal >DOES REMITTANCE INFLOW PROMOTE HUMAN DEVELOPMENT IN SUB-SAHARAN AFRICA? AN EMPIRICAL INSIGHT
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DOES REMITTANCE INFLOW PROMOTE HUMAN DEVELOPMENT IN SUB-SAHARAN AFRICA? AN EMPIRICAL INSIGHT

机译:汇款流入促进人类发展吗在撒哈拉以南的非洲?

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This paper examines the relationship between human development, remittances and other macroeconomic variables like life expectancy, human capital, FDI, inflation, economic growth and financial development by considering 31 Sub-Saharan African (SSA) countries during the period of 1990–2018. Kao and Fisher residual cointegration tests are applied to check the cointegration among the variables in the long-run. We apply fully modified OLS (FMOLS) and DOLS to show the long-run elasticity of explanatory variables on dependent variable. The result indicates that remittances have a positive and statistically significant effects on human development in SSA region. Similarly, government expenditure, human capital, inflation and economic growth have positiveeffects on human development in the region. Dumitrescu–Hurlin panel granger causality tests were observed such that there is a unidirectional causality between remittance and human development in SSA countries. However, human development and inflation rate show bi-directional relationship with each other. This paper suggests that public policies can be conceived to promote health, education and income, thereby encouraging and enhancing human development. Policymakers should also rely on other macroeconomic factors, such as government spending and financial development, to stimulate human development in SSA region.
机译:本文探讨了人类之间的关系开发、汇款和其他宏观经济变量如预期寿命、人力资本外商直接投资、通货膨胀、经济增长和金融通过考虑31撒哈拉以南非洲发展(SSA)国家1990 - 2018年期间。花王和费舍尔残余协整测试应用于检查之间的协整长期的变量。修改OLS (FMOLS)和元ds显示解释变量的长期弹性因变量。汇款有积极和统计学非洲沙哈拉地区人类发展带来深远的影响地区。资本、通货膨胀和经济增长positiveeffects在人类发展地区。测试观察,这样有一个单向因果关系之间的汇款在撒哈南的非洲国家人类发展。人类发展和通货膨胀率双向的相互关系。论文表明,公共政策构想,促进健康、教育和收入,从而鼓励和提高人类发展。其他宏观经济因素,如政府支出和金融发展,刺激在撒哈南的非洲地区人类发展。

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