IDEAS home Printed from https://ideas.repec.org/a/ids/ijbema/v15y2023i3p307-320.html
   My bibliography  Save this article

Do remittances receive drive imports? Evidence from the low and high remittances destinations in Africa

Author

Listed:
  • Adegoke Ibrahim Adeleke
  • Damilola Felix Arawomo

Abstract

We analysed the effects of remittances received on import of products in Africa. For robustness, the low remittance receiving countries were compared with the high receiving ones. Based on the presence of endogeneity in the model, we adopted the panel two-stage least square (2SLS) to estimate the import demand function that incorporated the remittances received. While remittances impact positively and significantly on import in high remittance receiving countries, the effect is insignificant in low remittance receiving countries. Exchange rate depreciation significantly reduces import in all the samples. Another interesting result obtained is while external reserves significantly increase imports in low remittance receiving countries, the impact is insignificant in high remittances receiving countries. Consumption expenditure produced positive significant effect on import in the entire sample. Inflation and investment were found to be insignificant on imports.

Suggested Citation

  • Adegoke Ibrahim Adeleke & Damilola Felix Arawomo, 2023. "Do remittances receive drive imports? Evidence from the low and high remittances destinations in Africa," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 15(3), pages 307-320.
    • Handle: RePEc:ids:ijbema:v:15:y:2023:i:3:p:307-320
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=132181
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbema:v:15:y:2023:i:3:p:307-320. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=249 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.