Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation

  • Oluwaseyi Adedayo Adelowokan Olabisi Onabanjo University, Ago-Iwoye, Nigeria.
  • Bolaji A. Adesoye Olabisi Onabanjo University, Ago-Iwoye, Nigeria.
  • Emeka Okoro Akpa Olabisi Onabanjo University, Ago-Iwoye, Nigeria.
  • Olukayode Emmanuel Maku Olabisi Onabanjo University, Ago-Iwoye, Nigeria.

Abstract

The question of whether remittances and foreign aid at the macro level impact private consumption in SSA has been explored in this study. Twenty-nine (29) SSA countries were sampled for the study from 2002 to 2017. The System Generalized Method of Moment (SGMM) estimator was applied in the study to account for the dynamics in the model. Empirical evidence showed that foreign aid and remittances exerted positive but insignificant impact on private consumption.


Keywords: Remittances, Foreign Aid, Private Consumption, System GMM

Published
2020-01-27
How to Cite
ADELOWOKAN, Oluwaseyi Adedayo et al. Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation. NIU Journal of Social Sciences, [S.l.], v. 5, n. 4, p. 67-76, jan. 2020. ISSN 3007-1690. Available at: <https://niujournals.ac.ug/ojs/index.php/niujoss/article/view/686>. Date accessed: 04 apr. 2026.
Citation Formats
Issue
Vol 5 No 4 (2019): KIU Journal of Social Sciences, Vol. 5 No. 4, December 2019
Section
Articles

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