Correlates of Poverty in Africa: Exploring the Roles of Remittances, Financial Development, and Natural Resources

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dc.contributor.authorDwumfour, R.A.
dc.contributor.authorAgbloyor, E.
dc.contributor.authorAbor, J.Y.
dc.date.accessioned2018-10-31T13:19:31Z
dc.date.available2018-10-31T13:19:31Z
dc.date.issued2017
dc.description.abstractPurpose The purpose of this paper is to examine how remittances, financial development (FD), and natural resources and their different transmission channels can be used to reduce poverty in Africa. Design/methodology/approach Using the Human Development Index (HDI) as the measure of welfare, the authors specify these relationships using the System GMM estimator approach. Findings The authors hypothesise that for remittance to effectively improve welfare, the recipient of remittances must have access to credit to profitably utilise the monies. Again, the authors assert that FD can be effective in improving welfare when development of the sector actually benefits the poor. The authors provide empirical support for these hypotheses using 54 African countries covering the period 1990-2012. The findings also show that the North African region has been able to utilise its oil rents in particular to improve welfare unlike the Sub-Saharan counterpart. Originality/value This paper is the first to jointly estimate the impact of remittances, FD, and natural resources on welfare using a comprehensive measure of poverty – HDI.en_US
dc.identifier.citationRichard Adjei Dwumfour, Elikplimi Komla Agbloyor, Joshua Yindenaba Abor, (2017) "Correlates of poverty in Africa: Exploring the roles of remittances, financial development, and natural resources", International Journal of Social Economics, Vol. 44 Issue: 12, pp.2033-2051, https://doi.org/10.1108/IJSE-12-2015-0319en_US
dc.identifier.otherdoi: rg/10.1108/IJSE-12-2015-0319
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/25054
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.subjectFinancial developmenten_US
dc.subjectAfricaen_US
dc.subjectWelfareen_US
dc.subjectpovertyen_US
dc.subjectNatural resourcesen_US
dc.subjectRemittanceen_US
dc.titleCorrelates of Poverty in Africa: Exploring the Roles of Remittances, Financial Development, and Natural Resourcesen_US
dc.typeArticleen_US

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