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英文文献：Diaspora Remittance Inflow, Financial Development and the Industrialisation of Africa-移民汇款流入、金融发展和非洲工业化
英文文献作者：Efobi Uchenna,Simplice Asongu,Chinelo Okafor,Vanessa Tchamyou
英文文献摘要：
The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries for the period 1980-2014. The indirect impact is assessed through financial development channels. The empirical evidence is based on three interactive and non-interactive simultaneity-robust estimation techniques, namely: (i) Instrumental Fixed Effects (FE) to control for the unobserved heterogeneity; (ii) Generalised Method of Moments (GMM) to control for persistence in industrialisation and (iii) Instrumental Quantile Regressions (QR) to account for initial levels of industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive specifications explain indirect impacts. The findings broadly show that for certain initial levels of industrialisation, remittances can drive industrialisation through the financial development mechanism. Policy implications are discussed.
本文评估了一个由49个非洲国家组成的小组在1980年至2014年期间汇款如何直接和间接地影响工业化进程。通过金融发展渠道评估间接影响。经验证据基于三种交互式和非交互式同时稳健估计技术，即:(i)控制未观察到的异质性的工具固定效应(FE);(ii)控制工业化持续性的广义矩法(GMM)和(iii)用于解释初始工业化水平的工具分位数回归(QR)。非交互式规范阐明了汇款对工业化的直接影响，而交互式规范解释了间接影响。研究结果大致表明，对于工业化的某些初始水平，汇款可以通过金融发展机制推动工业化。讨论了政策含义。
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