Munich Personal RePEc Archive

Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation

Adelowokan, Oluwaseyi and Adesoye, Adesola and Akpa, Emeka and Maku, Olukayode (2020): Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation. Published in: KIU Journal of Social Sciences , Vol. 5, No. 4 (27 December 2020): pp. 67-76.

[img]
Preview
PDF
MPRA_paper_98362.pdf

Download (284kB) | Preview

Abstract

The question of whether remittances and foreign aid at the macro level impact private consumption in SSA has been explored in this study. Twenty-nine (29) SSA countries were sampled for the study from 2002 to 2017. The System Generalized Method of Moment (SGMM) estimator was applied in the study to account for the dynamics in the model. Empirical evidence showed that foreign aid and remittances exerted positive but insignificant impact on private consumption.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.