An Analysis of Macroeconomic Determinants of Remittances in Southern Africa

  • Fwasa K Singogo Department of Economics, University of Namibia, Windhoek
  • Emmanuel Ziramba Department of Economics, University of Namibia, Windhoek
Keywords: Remittances, Macroeconomic Determinants, Southern Africa.


The study analyzed macroeconomic determinants of remittances in Southern Africa and used annual data for the period ranging from 2003-2016. The macroeconomic determinants used include: remittances themselves, inflation rate, GDP growth rate, nominal exchange rate, broad money and age dependency ratio. A panel study was carried out using both the fixed and random methods of which the random method was found to be most appropriate. The countries included in the study were Botswana, Lesotho, Malawi, Mozambique, South Africa, Swaziland and Zambia. It was found that of the variables used, only changes/improvements in the home countries’ economic environment and the exchange rate were statistically significant.


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How to Cite
Fwasa K Singogo, & Emmanuel Ziramba. (2019). An Analysis of Macroeconomic Determinants of Remittances in Southern Africa. Journal of Economics and Behavioral Studies, 11(4(J), 43-53.
Research Paper