Do Remittances Spur Economic Growth? Evidence from Developing Countries. Academic Research Seminar by Jude Eggoh (University of Angers)

10th Nov, 201513:57:05 PM GMT

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Picture: Prof. Jude Eggoh (center) with a group of ASE students

On Oct 3, 2015, ASE welcomed Professor Jude Eggoh from University of Angers to present the week’s Academic Research Seminar, for which presented a paper titled “Do Remittances Spur Economic Growth? Evidence from Developing Countries”. Before the presentation, he was introduced by ASE Professor Rachidi Kotchoni. Professor Eggoh’s research focuses on providing new evidence on the nonlinear relationship between remittances and economic growth. His research, which covers 49 developing countries from 1960 to 2012, demonstrates that remittances have positive and significant impact on economic growth in developing countries, while aid and foreign direct investment have non-significant impacts. He also noted that his findings suggest that the nonlinear relationship between remittances and growth can be explained more by financial development and investment and less by remittances and consumption levels.

After Professor Eggoh’s presentation, students asked him questions about the difference between remittances and transfers, and why foreign investment in foreign is often more beneficial than remittances.

Prof. Eggoh addressing the audience

 

Still of Prof. Eggoh’s seminar

 

The seminar ended with a Q&A session

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