How Robust is Worker Remittance-Inclusive Growth Connection in Sub-Saharan Africa?

  • Taiwo V. Ojapinwa University of Lagos, Akoka, Lagos, Nigeria
  • Chris Okereke Security and Exchange Commission, Abuja
Keywords: Worker remittance, inclusive growth, sub-Saharan Africa


This study examines the robustness of worker remittance-inclusive growth connection in 32 sub-Saharan African countries. Based on the Solow growth model, a theoretical model has been developed, which shows that worker remittance can stimulate inclusive growth if it is effectively used for augmenting productive capacity. This research derived inclusive growth based on the adjusted human development index. Comparing the results from panel least square, Arellano and Bond, and Blundell and Bond estimation techniques, this study found that Blundell and Bond estimation techniques were best robust. The study concluded that worker remittance-inclusive growth connection, although positive, lacked robustness in the sampled subregion. This implies that, dollar for naira, the income remitted by workers from abroad can only robustly be a good predictor of equilibrium inclusive growth if it were more systematically conditioned on policies that are directly linked with improving education, life expectancy and health in SSA.

Author Biographies

Taiwo V. Ojapinwa, University of Lagos, Akoka, Lagos, Nigeria

Department of Economics, University of Lagos, Akoka, Lagos, Nigeria

Chris Okereke, Security and Exchange Commission, Abuja

Security and Exchange Commission, Abuja


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