Article Sidebar
DOI:
10.4314/gjds.v14i2.4Keywords:
Article Details
© 2018 The authors.
The Ghana Journal of Development Studies is published twice a year (May & October) by the Faculty of Integrated Development Studies as a service to development related research.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any means; electronic, mechanical, photocopy, recording or otherwise, without the written authorisation of the publisher and copyright owner.
The content is licensed uder a CC-BY license.
Main Article Content
International Migrant Remittance and Productivity Growth in Ghana
Abstract
The study assessed the relationship between productivity growth and remittance at the macro level. Existing studies have largely focused on the micro level which falls short of revealing how shocks in the economy are transmitted through international remittance. Using time series analysis for data covering the period 1975-2013, the results from trend equation revealed that remittance inflows remained positive and increased modestly over time while economic growth as measured by the growth in labour productivity per person has been fluctuating. Regression results showed that remittance is significantly and negatively related to productivity in Ghana. The study revealed that foreign direct investment, official development assistance and international trade are positively related to productivity. It is recommended that government should make the business environment friendly so as to enhance foreign direct investment and boost trade as these have positive impact on productivity.
Keywords: Remittance, Total Factor Productivity, Quantile Regression, Migrants, Ghana
