PANEL DATA ANALYSIS ON THE RELATIONSHIP BETWEEN REMITTANCES AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICAN COUNTRIES

dc.contributor.authorAy, Ahmet
dc.contributor.authorKursunel, Fahri
dc.contributor.authorBaoua, Mahamane Moutari Abdou
dc.contributor.authorAli, Youssouf Soilihi
dc.date.accessioned2020-03-26T19:42:15Z
dc.date.available2020-03-26T19:42:15Z
dc.date.issued2017
dc.departmentSelçuk Üniversitesien_US
dc.description26th International Scientific Conference on Economic and Social Development - Building Resilient Society -- DEC 08-09, 2017 -- Zagreb, CROATIAen_US
dc.description.abstractThe main purpose of this study is to investigate the link between remittances and economic growth for 23 selected African countries by using panel data within 1985-2015 periods. In this study, we used the Panel Fixed/Random Effects model in order to investigate the relationship between personal remittances, gross fixed capital and GDP per capita variables. We also performed the panel cointegration test in order to examine the long-run cointegration between the variables. The panel fixed/random effects estimation results indicate that there is negative and significant relationship between remittances and economic growth. Louise & Clovis (2012), Deisting, et al. (2015), Chami, et al. (2003), Coiffard (2011) and Ahoure (2008) also found a negative effect of remittance on economic growth. In other hands, there is positive link between capital formation and economic growth. The panel cointegration result shows that there is significant long-run cointegration relationship between remittances and economic growth. In other word, this study found that remittances do not contribute to the development of these 23 African countries and suggest that government of each country must apply investment policies that can promote advantage to domestic labor and investors.en_US
dc.description.sponsorshipVarazdin Dev & Entrepreneurship Agcy, Univ Warsaw, Fac Managementen_US
dc.identifier.endpage112en_US
dc.identifier.issn1849-6903en_US
dc.identifier.issn1849-7535en_US
dc.identifier.startpage100en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12395/35360
dc.identifier.wosWOS:000426857700010en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherVARAZDIN DEVELOPMENT & ENTREPRENEURSHIP AGENCYen_US
dc.relation.ispartof26TH INTERNATIONAL SCIENTIFIC CONFERENCE ON ECONOMIC AND SOCIAL DEVELOPMENT - BUILDING RESILIENT SOCIETY: ECONOMIC AND SOCIAL DEVELOPMENT: BUILDING RESILIENT SOCIETYen_US
dc.relation.ispartofseriesInternational Scientific Conference on Economic and Social Development
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectremittancesen_US
dc.subjecteconomic growthen_US
dc.subjectAfricaen_US
dc.subjectpanel data analysisen_US
dc.titlePANEL DATA ANALYSIS ON THE RELATIONSHIP BETWEEN REMITTANCES AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICAN COUNTRIESen_US
dc.typeConference Objecten_US

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