{"id":"https://openalex.org/W7204159696","doi":"https://doi.org/10.51380/gujr-42-02-004","title":"THE CAUSAL RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT, REMITTANCE INFLOWS AND PRIVATE INVESTMENT IN SUB-SAHARAN AFRICA","display_name":"THE CAUSAL RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT, REMITTANCE INFLOWS AND PRIVATE INVESTMENT IN SUB-SAHARAN AFRICA","publication_year":2026,"publication_date":"2026-06-30","ids":{"openalex":"https://openalex.org/W7204159696","doi":"https://doi.org/10.51380/gujr-42-02-004"},"language":null,"primary_location":{"id":"doi:10.51380/gujr-42-02-004","doi":"https://doi.org/10.51380/gujr-42-02-004","is_oa":true,"landing_page_url":"https://doi.org/10.51380/gujr-42-02-004","pdf_url":"http://www.gujr.com.pk/index.php/GUJR/article/download/1895/1269","source":{"id":"https://openalex.org/S4210167997","display_name":"Gomal University Journal of Research","issn_l":"1019-8180","issn":["1019-8180","2708-1737"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Gomal University Journal of Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"http://www.gujr.com.pk/index.php/GUJR/article/download/1895/1269","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5094196609","display_name":"Adekunle Aribatise","orcid":"https://orcid.org/0009-0005-0240-3262","observed_orcids":["https://orcid.org/0009-0005-0240-3262"]},"institutions":[{"id":"https://openalex.org/I4210107103","display_name":"Wesley University","ror":"https://ror.org/00zqfkn54","country_code":"NG","type":"education","lineage":["https://openalex.org/I4210107103"]}],"countries":["NG"],"is_corresponding":true,"raw_author_name":"Adekunle Aribatise","raw_affiliation_strings":["Department of Economics, Wesley University, Ondo, NIGERIA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Wesley University, Ondo, NIGERIA","institution_ids":["https://openalex.org/I4210107103"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5094196609"],"corresponding_institution_ids":["https://openalex.org/I4210107103"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.70425732,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"182","last_page":"182"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10349","display_name":"Migration and Labor Dynamics","score":0.7929999828338623,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10349","display_name":"Migration and Labor Dynamics","score":0.7929999828338623,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0697999969124794,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.0478999987244606,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.8650000095367432},{"id":"https://openalex.org/keywords/remittances","display_name":"remittances","score":0.8259999752044678},{"id":"https://openalex.org/keywords/private-investment","display_name":"private investment","score":0.968999981880188},{"id":"https://openalex.org/keywords/sub-saharan-africa","display_name":"sub-Saharan Africa","score":0.7269999980926514},{"id":"https://openalex.org/keywords/financial-depth","display_name":"financial depth","score":0.5830000042915344},{"id":"https://openalex.org/keywords/capital-formation","display_name":"capital formation","score":0.7509999871253967},{"id":"https://openalex.org/keywords/causality","display_name":"causality","score":0.628000020980835},{"id":"https://openalex.org/keywords/remittance-costs","display_name":"remittance costs","score":0.6840000152587891},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.7749999761581421}],"concepts":[{"id":"https://openalex.org/C2780962165","wikidata":"https://www.wikidata.org/wiki/Q1351807","display_name":"Remittance","level":2,"score":0.7867000102996826},{"id":"https://openalex.org/C2777747085","wikidata":"https://www.wikidata.org/wiki/Q5449743","display_name":"Financial sector development","level":3,"score":0.7034000158309937},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6384999752044678},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.566100001335144},{"id":"https://openalex.org/C121426985","wikidata":"https://www.wikidata.org/wiki/Q591763","display_name":"Private sector","level":2,"score":0.5546000003814697},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5062000155448914},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.47620001435279846},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.4544999897480011},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4424000084400177},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4372999966144562},{"id":"https://openalex.org/C64357122","wikidata":"https://www.wikidata.org/wiki/Q1149766","display_name":"Causality (physics)","level":2,"score":0.4296000003814697},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.37689998745918274},{"id":"https://openalex.org/C2986840890","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial sector","level":2,"score":0.3684000074863434},{"id":"https://openalex.org/C2776076839","wikidata":"https://www.wikidata.org/wiki/Q5449705","display_name":"Financial deepening","level":3,"score":0.35530000925064087},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.32429999113082886},{"id":"https://openalex.org/C65146658","wikidata":"https://www.wikidata.org/wiki/Q1416431","display_name":"Financial intermediary","level":2,"score":0.3190999925136566},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.31130000948905945},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.2935999929904938},{"id":"https://openalex.org/C2993232446","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Private capital","level":3,"score":0.29019999504089355},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.28999999165534973},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.2896000146865845},{"id":"https://openalex.org/C115781380","wikidata":"https://www.wikidata.org/wiki/Q994824","display_name":"Gross fixed capital formation","level":3,"score":0.2858000099658966},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.27790001034736633},{"id":"https://openalex.org/C2778210481","wikidata":"https://www.wikidata.org/wiki/Q4972003","display_name":"Broad money","level":3,"score":0.26750001311302185},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.262800008058548},{"id":"https://openalex.org/C75778745","wikidata":"https://www.wikidata.org/wiki/Q342626","display_name":"Lag","level":2,"score":0.2615000009536743},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.2599000036716461},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.25699999928474426},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.25529998540878296}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.51380/gujr-42-02-004","doi":"https://doi.org/10.51380/gujr-42-02-004","is_oa":true,"landing_page_url":"https://doi.org/10.51380/gujr-42-02-004","pdf_url":"http://www.gujr.com.pk/index.php/GUJR/article/download/1895/1269","source":{"id":"https://openalex.org/S4210167997","display_name":"Gomal University Journal of Research","issn_l":"1019-8180","issn":["1019-8180","2708-1737"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Gomal University Journal of Research","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.51380/gujr-42-02-004","doi":"https://doi.org/10.51380/gujr-42-02-004","is_oa":true,"landing_page_url":"https://doi.org/10.51380/gujr-42-02-004","pdf_url":"http://www.gujr.com.pk/index.php/GUJR/article/download/1895/1269","source":{"id":"https://openalex.org/S4210167997","display_name":"Gomal University Journal of Research","issn_l":"1019-8180","issn":["1019-8180","2708-1737"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Gomal University Journal of Research","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.6452000141143799,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"},{"score":0.5217000246047974,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"sustainable_development_goals_aurora":[{"score":0.5911063551902771,"display_name":"Reduced inequalities","id":"https://metadata.un.org/sdg/10"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7204159696.pdf","grobid_xml":"https://content.openalex.org/works/W7204159696.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":[],"abstract_inverted_index":{"Drawing":[0],"on":[1],"data":[2],"from":[3,24,118,124,131],"the":[4,83,111,119,137,144,174,181],"World":[5],"Bank":[6],"WDI":[7],"and":[8,88,94,130,154,165,183],"WGI":[9],"alongside":[10],"IMF":[11],"records,":[12],"this":[13],"study":[14],"investigates":[15],"dynamic":[16],"relationships":[17],"among":[18],"financial":[19,71,89,102,125,134,155,168],"sector":[20,135],"growth,":[21],"money":[22,178],"sent":[23],"abroad":[25],"&":[26,38],"private-sector":[27],"capital":[28,67],"formation":[29],"across":[30],"16":[31],"nations":[32],"in":[33,148,163,188],"Sub-Saharan":[34],"Africa":[35],"amid":[36],"1990":[37],"2023.":[39],"By":[40],"applying":[41],"Panel":[42],"Autoregressive":[43],"Distributed":[44],"Lag":[45],"(P-ARDL)":[46],"modeling":[47],"as":[48,50,170,172],"well":[49,171],"Dumitrescu\u2013Hurlin":[51],"causality":[52],"evaluations,":[53],"research":[54],"show":[55],"that":[56,100,152],"migrant":[57],"remittances":[58,87,120,132,153],"boost":[59,180],"private":[60,122,128,161],"investment":[61,105,162,182],"(p":[62,79,96],"<":[63,80,97],"0.021)":[64],"by":[65],"easing":[66],"shortages,":[68],"whereas":[69],"robust":[70],"systems":[72,169],"exert":[73],"an":[74],"even":[75],"stronger":[76],"positive":[77,95],"influence":[78],"0.001).":[81],"Crucially,":[82],"combined":[84],"effect":[85],"of":[86,108,160,176],"depth":[90],"is":[91],"statistically":[92],"significant":[93],"0.002),":[98],"demonstrating":[99],"advanced":[101],"networks":[103],"amplify":[104],"-stimulating":[106],"power":[107],"remittances.":[109],"Moreover,":[110],"analysis":[112],"confirms":[113],"one-way":[114],"causal":[115],"pathways":[116],"flowing":[117],"towards":[121],"investment,":[123,129],"advancement":[126],"to":[127,133,179],"development..":[136],"results":[138],"provide":[139],"signficant":[140],"information":[141],"for":[142],"reaching":[143],"desired":[145],"conclison.":[146],"Thus,":[147],"conclusion,":[149],"it":[150],"assert":[151],"development":[156],"are":[157],"synergistic":[158],"drivers":[159],"SSA":[164],"recommend":[166],"strengthening":[167],"lowering":[173],"cost":[175],"remitting":[177],"drive":[184],"sustained":[185],"economic":[186],"growth":[187],"SSA.":[189]},"counts_by_year":[],"updated_date":"2026-08-26T07:47:46.906454","created_date":"2026-08-26T00:00:00"}