Migration, Remittances, Trade Openness and Economic Growth in Africa: GMM TechniqueAbdelbagi E*
Department of Economics, Universiti Putra Malaysia, Selangor, Malaysia
- Corresponding Author:
- Abdelbagi E
Department of Economics
Universiti Putra Malaysia
E-mail: [email protected]
Received Date: May 18, 2016; Accepted Date: June 06, 2016; Published Date: June 10, 2016
Citation: Abdelbagi E (2016) Migration, Remittances, Trade Openness and Economic Growth in Africa: GMM Technique. J Glob Econ 4:193. doi:10.4172/2375-4389.1000193
Copyright: © 2016 Abdelbagi E. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
This study investigates the impact of outgoing migration, remittances, and trade on economic growth in Africa during the period from 1976 to 2015. The study utilizes annual data obtained from the World Bank and uses GMM econometrics technique. The empirical results reveal that outgoing migration has negative significant impact on economic growth of the region; migrants’ remittances to Africa have positive significant impact on economic growth during period of interest. Also, the results suggest that trade contributes positively and significantly to economic growth in the continent.