Financial development, remittances and economic growth: A threshold analysis

Artikel

Sources of economic growth in Ghana have not been clear. Several studies have contributed to the finance and growth literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper uses macrodata to examine the linkages between financial development, remittances, and economic growth in Ghana. We estimate a dynamic heterogeneous Autoregressive Distributed Lag (ARDL) model to show that financial booms are not, in general, growth-enhancing, and a certain level of financial development can drag down economic growth in the long term and the combined effect of financial development and remittances should be of concern to policymakers.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 7 ; Year: 2019 ; Issue: 1 ; London: Taylor & Francis

Classification and Topics

• Classification: Wirtschaft ; International Migration ; Economic Growth of Open Economies ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Economic Growth and Aggregate Productivity: General
• Subject: Africa ; ARDL ; Financial development ; Ghana ; Economic growth ; Remittances

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Peprah, James Atta ; Ofori, Isaac Kwesi ; Asomani, Abel Nyarko
• Event: Veröffentlichung
• (who): Taylor & Francis
• (where): London
• (when): 2019

Further information

• DOI: doi:10.1080/23322039.2019.1625107
• Handle: http://hdl.handle.net/10419/231266
• Last update: 10.03.2025, 11:43 AM CET