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International Remittances and Economic Growth in Ghana: Does the Measure Of Financial Development Matter?
ISSN: 2026 - 6480
Publisher: author
International Remittances and Economic Growth in Ghana: Does the Measure Of Financial Development Matter?
Indexed in
Business and Management
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0502
Publisher: Koforidua Technical University
International Journal Address (IAA):
IAA.ZONE/2026394136480
eISSN
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2026 - 6480
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Abstract
Empirical results of the effect of international remittances on economic growth of individual countries and groups of countries have yielded mixed results. This study is intended to add to the debate on the impact of international remittances on the aggregate output of individual countries, Ghana in this case. An earlier panel data study found a negative impact of remittance on real GDP and prompted further research on the topic for individual countries and groups of countries. The papers which followed and were able to correct for endogeneity in the models, found a mild positive impact of private unrequited remittances on economic growth. The impact of remittances on economic growth of a particular country depends on the proportion of remittances invested and consumed, the level of financial development and the quality of institutions in the country. This study used time series data from 1990 to 2014 on Ghana and found a positive imp...
