Total factor productivity growth and human development: the role of remittances in Africa Online publication date: Mon, 04-Feb-2019
by Gloria Clarissa O. Dzeha; Festus Ebo Turkson; Elikplimi Komla Agbloyor; Joshua Yindenaba Abor
African J. of Economic and Sustainable Development (AJESD), Vol. 7, No. 1, 2018
Abstract: Using panel data of 21 African countries over the period 2010-2014, we examine the effect of total factor productivity (TFP) on human development contingent on the level of remittances in Africa. We contribute to literature in three folds: 1) we conceptualise how remittance impact human development through TFP; 2) we empirically test the interactive effect of remittance and TFP on human development using the system generalised methods of moments (SGMM); 3) we used the inequality-adjusted human development index as a proxy for human development which is a better measure. We find that TFP has a negative effect on human development whilst remittances have a positive effect. Their interaction effect turns out to be positive suggesting that countries that receive higher remittances are able to transform the negative impact of TFP into a positive one.
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