Ninth International Conference On Advances In Economics, Social Science And Human Behaviour Study - ESSHBS 2019
Author(s) : E. CHUKE NWUDE, SEBASTINEUGOCHUKWUUGWUEGBE
The study investigated the impact of remittances on the economic growth of 29 Sub-Saharan African countries with Pooled Mean Group and Mean Group estimators under Autoregressive Distributive Lag (ARDL) model. Hausman test was used to determine which estimator is the most appropriate. The result of the PMG showed that remittance has a positive and insignificant impact on growth in the long run, while the error correction equation indicates that remittance has a negative impact on growth in the short run, foreign direct investment and capital formation contributes positively to growth both in the long run and short run.