Do International Remittances Affect Poverty in Africa
Jan 01, 2007 | J.C. Anyanwu, A.E.O. Erhijakpor | AfDB, Delta State University
The authors find that international remittances – defined as the share of remittances in country GDP – reduce the level, depth, and severity of poverty in Africa. Their results also show that inflation rates positively and significantly affect poverty incidence, depth and severity in Africa. In all three poverty measures, the dummy variable for Sub-Saharan Africa is strongly positive – and strongly negative for North Africa. The policy implications of these results are discussed.