Impact of Private Remittance Inflows on East African Economies: An Application of Prais-winsten Regression to Panel Data Analysis - Softcover

Wamala Kalule, Stephen; Kiiza, Barnabas; Bonabana Wabbi, Jackline

Softcover

ISBN 10: 3846503339 ISBN 13: 9783846503331

Publisher: LAP LAMBERT Academic Publishing, 2011

Synopsis

Private remittance inflows to developing countries including the East African region have increased tremendously, a development attributed to increasing number of migrants and their subsequent integration into the economies of developed countries. The significant amount of these financial transfers has attracted debates among both policy makers and researchers. Particularly, there are two issues of concerns namely: knowing their macro-economic effects in recipient economies and how to harness their development potential. In this book, a prais-winsten regression, Correlated Panels Corrected Standard Errors with panel specific, AR(1) model is used on time series to test for the impact of remittance receipts on domestic economies. The results revealed that migrant remittance decisions are dominated by investment motives rather than mere altruism and that these remittances contribute capital for economic development. The analysis used in the book enables the reader to understand the application of fixed effects models for control of underlying country specific effects in the estimation of coefficients using panel data.

About this title

About the Author

Stephen Wamala Kalule, holds Msc.Agricultural and Applied Economics, Makerere University and specialized in Agricultural Policy and International Trade. Currently, a Lecturer, Department of Rural Development and Agribusiness, Gulu University. He also carries wide experience in Agribusiness/ project consultancies and agricultural extension in Uganda

Edition details

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2011
• Language: English
• ISBN 10: 3846503339
• ISBN 13: 9783846503331
• Binding: Paperback
• Number of pages: 80