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Remittances and the Dutch disease in sub-Saharan Africa: a dynamic panel approach

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dc.date.accessioned 2014-10-03 en
dc.date.accessioned 2021-02-09T15:27:49Z
dc.date.available 2021-02-09T15:27:49Z
dc.date.issued 2015-08-25 en
dc.identifier.uri http://hdl.handle.net/20.500.11910/2222
dc.description.abstract This paper investigates the effect of remittance inflows on real exchange rates in sub-Saharan Africa (SSA) using annual data from 1980 to 2008 for 34 countries, the method of moments estimator developed by Arellano and Bover (1995) and the feasible generalized least squares estimator developed by Parks (1967) and Kmenta (1986). We find that when cross-sectional dependence and individual effects are controlled for, remittances to sub-Saharan Africa as a whole increase the underlying real exchange rates of recipient countries. However, this real exchange rate appreciation is mitigated by monetary policy interventions and the direction of fiscal expenditures towards tradable goods. Thus, the real exchange rate appreciation does not lead to the loss of export competitiveness or a worsening of the trade deficit in the countries in the panel. en
dc.format.medium Print en
dc.publisher Vizja Press en
dc.subject SUB-SAHARAN AFRICA en
dc.subject DUTCH DISEASE en
dc.title Remittances and the Dutch disease in sub-Saharan Africa: a dynamic panel approach en
dc.type Journal Article en
dc.description.version Y en
dc.ProjectNumber N/A en
dc.Volume 8(3) en
dc.BudgetYear 2014/15 en
dc.ResearchGroup Economic Perfomance and Development en
dc.SourceTitle Contemporary Economics en
dc.PlaceOfPublication Poland en
dc.ArchiveNumber 8384 en
dc.URL http://ktree.hsrc.ac.za/doc_read_all.php?docid=14642 en
dc.PageNumber 289-298 en
dc.outputnumber 7120 en
dc.bibliographictitle Owusu-Sekyere, E., Van Eyden, R. & Kemegue, F.M. (2014) Remittances and the Dutch disease in sub-Saharan Africa: a dynamic panel approach. <i>Contemporary Economics</i>. 8(3):289-298. http://hdl.handle.net/20.500.11910/2222 en
dc.publicationyear 2014 en
dc.contributor.author1 Owusu-Sekyere, E. en
dc.contributor.author2 Van Eyden, R. en
dc.contributor.author3 Kemegue, F.M. en


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