Babcock University Research Portal

Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire

Publication Type: Journal article

Journal: Dbn Journal Of Economics & Sustainable Growth

ISSN Number:

Downloads

Views

Abstract

We estimated the effect of inward and outward remittances on welfare using data on 17 SSA
countries from 2005 to 2019, with welfare proxied as consumption. Previous studies on remittances
had tended to be focused more on the effect of inward remittances on macroeconomic variables, while
few that considered inward and outward remittances were single-country analysis. The study applied
the system-GMM estimation approach to accommodate the dynamic nature of the empirical model.
Results showed that inward remittances exerted a positive and significant effect on consumption, while
the effect of outward remittances was negative and also significant. However, the coefficient of inward
remittances, in absolute terms was found to be larger than the coefficient of outward remittances. The
instruments used in the estimation was found to be valid by the Sargan and Hansen tests while the
absence of serial correlation was confirmed by the Arrellano-Bond tests. Policy around remittances,
given the greater weight of inward remittances on consumption should be such that will make remitting
cheaper.

Access to Documents

External Link
Download
Digital Object Identifier

Keywords

OKWU,A. Obiakor,R. . (2021). Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire, 4 (), 27-27.

OKWU,A. Obiakor,R. . "Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire" 4, no (), (2021): 27-27.

OKWU,A. and Obiakor,R. and . (2021). Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire, 4 (), pp27-27.

OKWUA, ObiakorR, . Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire. 2021, 4 ():27-27.

OKWU,Andy , and Obiakor,Rowland . "Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire", 4 . (2021) : 27-27.

O.Andy & O.Rowland , "Cross-Border Trade and Economic Growth of West African Countries: A Comparative Analysis of Nigeria and Cote D'Ivoire" vol.4, no., pp. 27-27, 2021.

Access to Documents

Keywords

About Us

Admissions

Contact Us

Policies

ALUMNI

STUDENT POPULATION