Migrants’ Remittances and Poverty in ECOWAS
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 3
Abstract
The rise of emigrants in West Africa is associated with the quest to migrate out of poverty. Migrants’ remittances often help in stimulating demands for goods and services and providing support for families left behind. Using one-step system Generalized Method of Moments technique, the relationship between migrants’ remittances and poverty in seven West African countries from 1995 to 2015 was explored. The results obtained revealed that the effect of remittance on poverty is statistically significant. Per capita income shows positive and statistically significant effect on poverty in ECOWAS. The findings show that migrants’ remittances play a significant role in alleviating poverty in the region. Government efforts in alleviating poverty should consider the easiness in migrants’ remittances to the recipients.
Authors and Affiliations
AKEJU Kemi Funlayo, OLANIPEKUN Dayo Benedict
Keywords
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- EP ID EP414650
- DOI 10.9790/5933-0903013945.
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