Authors: Gloria Clarissa O. Dzeha
Addresses: Central University, P.O. Box DS 2310, Dansoman-Accra, Ghana, West Africa
Abstract: Review of literature suggest there exists ambivalence in theory and empirical findings as to the potential of remittance in enhancing financial markets and impacting economic growth. While some studies establish a causal relationship, others suggest remittances enhance financial market and impact economic growth both positively and negatively. The variability emanates from models employed and country specifics. Panel data dominates usage and ordinary least squares as well as generalised methods of moments is employed most.
Keywords: remittances; financial development; economic growth; generalised method of moments; GMM; ordinary least squares; OLS; financial markets.
African Journal of Accounting, Auditing and Finance, 2016 Vol.5 No.2, pp.113 - 134
Received: 01 Feb 2016
Accepted: 22 Apr 2016
Published online: 10 Aug 2016 *