Inter-linkages between remittance and savings in Ghana

dc.contributor.authorQuartey, P.
dc.contributor.authorAckah, C.
dc.contributor.authorLambon-Quayefio, M.P.
dc.date.accessioned2019-06-04T11:42:06Z
dc.date.available2019-06-04T11:42:06Z
dc.date.issued2019-01
dc.description.abstractPurpose The increase in volumes and circulation of internal and international remittances have become a substantial part of resource flow for economic development especially in developing countries with a significant impact on household welfare. The purpose of this paper is to examine the relationship between remittances and savings mobilization. Design/methodology/approach Using the most recent wave of the Ghana Living Standard Survey data, the study accounts for the endogeneity in remittance receipts by employing treatment effect estimators, in addition to a probit model to establish the relationship between remittances and likelihood of savings. Findings The results suggest that receiving remittances significantly affects household’s propensity to save. Households that receive international remittances seem to have a slightly higher probability of savings compared to households that receive only domestic remittances. Originality/value From the literature, whereas the theoretical relationship between savings and remittances is mixed, it is also evident that the empirical relationship between remittances and savings has not been clearly established, especially in sub-Saharan African countries in general and Ghana in particular. The present study adds to the paucity in the literature in two main ways. First, the study provides empirical evidence on the relationship between remittances and savings by not only focusing on international remittances but also on internal remittances. Second, in sharp departure from other studies, the current study employs more robust empirical estimators in estimating the relationship between remittances and savings.en_US
dc.identifier.citationPeter Quartey, Charles Ackah, Monica Puoma Lambon-Quayefio, (2019) "Inter-linkages between remittance and savings in Ghana", International Journal of Social Economics, Vol. 46 Issue: 1, pp.152-166, https://doi.org/10.1108/IJSE-12-2017-0618en_US
dc.identifier.otherhttps://doi.org/10.1108/IJSE-12-2017-0618
dc.identifier.otherVol. 46 Issue: 1, pp.152-166
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/30498
dc.language.isoenen_US
dc.publisherInternational Journal of Social Economicsen_US
dc.subjectRemittancesen_US
dc.subjectTreatment effecten_US
dc.subjectSavingsen_US
dc.subjectE44en_US
dc.subjectF22en_US
dc.subjectF29en_US
dc.titleInter-linkages between remittance and savings in Ghanaen_US
dc.typeArticleen_US

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