Management and social perspectives
Volume 5, Numéro 1, Pages 80-109
2026-06-30
Does Financial Development Mediate The Relationship Between Remittance Inflows And Private Investment In Sub-saharan Africa?
Authors : Aribatise Adekunle . Adeyemi Gbenga . Ahmodu Olamide Abdul-lateef . Adeseke Adewale . Jemirin Folaranmi .
Abstract
This study investigated the relationship between remittance inflows, financial development, and private investment in 16 Sub-Saharan African countries from 1990 to 2023 using panel data from WDI, WGI, and IMF databases. Employing P-ARDL and dynamic threshold models, results show that remittances significantly enhance private investment (p < 0.021) by easing liquidity constraints. Financial development also has a strong positive effect (p < 0.001). Their interaction is positive and significant (p < 0.002), with a threshold of 0.31 indicating varying effects across regimes. The study concludes both are complementary drivers and recommends improved financial systems and lower remittance costs.
Keywords
Financial Development; Remittance inflows; Private investment; PARDL
Les articles similaires
Baba Gosay
.
pages 18-30.
Lawali Lukman
.
pages 77-92.
Ahmad Husni Aqel
.
Abdullah Abdulaziz Alhumaidan
.
Zakieh Mahmoud Arikat
.
Hadi Saleh Atiyat
.
Salem Waleed Abu Al -haj
.
pages 980-992.
