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Effect of remittances on poverty and financial development in Sub-Saharan Africa

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dc.contributor.authorGupta, S.en
dc.contributor.authorPattillo, C. A.en
dc.contributor.authorWagh, S.en
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.coverage.spatialSub-Saharan Africaen
dc.coverage.temporal1975 - 2006en
dc.date.accessioned2016-04-19T20:08:20Zen
dc.date.available2016-04-19T20:08:20Zen
dc.date.issued2009en
dc.descriptionMetadata only recorden
dc.description.abstractRemittances to Africa have been growing at a slower rate comparative to Latin America and East Asia but have still been shown to directly affect poverty. However, few studies have analyzed this impact at the aggregate level. This study completes an aggregate analysis of remittances using data beginning in 1980 on twenty-four Sub-Saharan African countries. Results indicated that remittances have positive effects on both poverty and financial development by augmenting household budgets and providing opportunities for entry into the formal financial market, respectively. As world-wide remittances continue to dwarf funding from international aid, it remains critical to predict, record, and facilitate their transfer through redirection to formal providers.en
dc.format.mimetypetext/plainen
dc.identifier4823en
dc.identifier.citationWorld Development 37(1): 104-115en
dc.identifier.doihttps://doi.org/10.1016/j.worlddev.2008.05.007en
dc.identifier.issn0305-750Xen
dc.identifier.urihttp://hdl.handle.net/10919/69055en
dc.language.isoen_USen
dc.publisherElsevier Ltden
dc.rightsIn Copyrighten
dc.rights.holderCopyright 2008 Elsevier Ltden
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectGlobalizationen
dc.subjectInternational remittancesen
dc.subjectEconomic analysesen
dc.subjectEconomic policyen
dc.subjectFamilyen
dc.subjectPovertyen
dc.subjectFinancial developmenten
dc.subjectSub-Saharan Africaen
dc.subjectAggregate analysisen
dc.subjectGovernanceen
dc.titleEffect of remittances on poverty and financial development in Sub-Saharan Africaen
dc.typeAbstracten
dc.type.dcmitypeTexten

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