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International Migrant Remittance and Productivity Growth in Ghana

Author

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  • Ustarz, Yazidu
  • Haruna, Issahaku

Abstract

The study assessed the relationship between productivity growth and remittance at the macro level. Existing studies have largely focused on the micro level which falls short of revealing how shocks in the economy are transmitted through international remittance. Using time series analysis for data covering the period 1975-2013, the results from trend equation revealed that remittance inflows remained positive and increased modestly over time while economic growth as measured by the growth in labour productivity per person has been fluctuating. Regression results showed that remittance is significantly and negatively related to productivity in Ghana. The study revealed that foreign direct investment, official development assistance and international trade are positively related to productivity. It is recommended that government should make the business environment friendly so as to enhance foreign direct investment and boost trade as these have positive impact on productivity.

Suggested Citation

  • Ustarz, Yazidu & Haruna, Issahaku, 2017. "International Migrant Remittance and Productivity Growth in Ghana," MPRA Paper 101579, University Library of Munich, Germany, revised 18 Jun 2017.
    • Handle: RePEc:pra:mprapa:101579
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    References listed on IDEAS

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    Cited by:

    1. Sima Rani Dey & Faroque Ahmed & Mohammad Tareque & Md. Moniruzzaman, 2024. "Impact of Returnee Remittances on Migrant Households’ Well-Being in Bangladesh," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(6), pages 1545-1572, December.
    2. Abdul-Malik Abdulai, 2023. "The impact of remittances on economic growth in Ghana: An ARDL bound test approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(2), pages 2243189-224, June.

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    More about this item

    Keywords

    Remittance; Total Factor Productivity; Quantile Regression; Migrants; Ghana;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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