The Impact of Remittances on Human Capital in Sub-Saharan Countries

This study has examined the impact of remittances on human capital based on 23 Sub-Saharan countries (SSA) from 1981 to 2010. Our primary contribution lies in demonstrating that remittances have a positive impact on the enhancement of human capital in these SSA countries. The results indicate that a...

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Bibliographic Details
Published inInformation management and business review Vol. 15; no. 3(SI); pp. 172 - 178
Main Authors Huay, Chong Siew, Bani, Yasmin
Format Journal Article
LanguageEnglish
Published 17.09.2023
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Summary:This study has examined the impact of remittances on human capital based on 23 Sub-Saharan countries (SSA) from 1981 to 2010. Our primary contribution lies in demonstrating that remittances have a positive impact on the enhancement of human capital in these SSA countries. The results indicate that a 1 percent increase in remittances leads to a 0.26 percent rise in the average years of schooling. To ensure the credibility of our findings, we employ a Generalized Method of Moments (GMM) approach to control for the endogeneity of remittances and human capital in our empirical analysis
ISSN:2220-3796
2220-3796
DOI:10.22610/imbr.v15i3(SI).3475