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Remittances, inclusive finance and governance in selected African countries: empirical insights from the COVID-19 pandemic

Year: 2024

Type: article

Abstract: This research intends to explore the effects of inclusive finance on remittances and how these international flows impact economic growth in selected countries from Africa from 1996 to 2020 from 1996 to 2020. As per the results of panel dynamics estimation, inclusive finance positively impacts remittances. Furthermore, remittances significantly and positively impact economic growth in countries with solid governance effectiveness. However, they do not affect economic growth in weak governance effectiveness groups. Finally, COVID-19 positively affects remittance receipt, and negatively affects economic growth. Inclusive finance offerings are a crucial transmission channel in receiving remittances to African countries, and governance effectiveness plays a substantial role here.

Source: Edelweiss Applied Science and Technology

DOI: 10.55214/25768484.v8i4.1553

Authors: Fatma Mabrouk, Manal Elhaj

Institution: Princess Nourah bint Abdulrahman University

Language: English

Topic: Migration and Labor Dynamics

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions, Partnerships for the goals, Reduced inequalities

Open Access status: diamond

OpenAlex ID: W4402647874

FWCI: 2.233

Cites:

Cited by: 3

Related to: 10