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
DOI: https://doi.org/10.22610/jebs.v11i4(J).2919
Keywords: Remittances, Macroeconomic Determinants, Southern Africa.

Abstract

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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Published
2019-09-26
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. https://doi.org/10.22610/jebs.v11i4(J).2919
Issue
Vol 11 No 4(J) (2019)
Section
Research Paper

Copyright (c) 2019 Fwasa K Singogo, Emmanuel Ziramba

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