Title: Cyclicality of Diaspora Remittances in Zimbabwe
Abstract: The study examines the cyclicality of diaspora remittances in Zimbabwe. The cyclicality of diaspora remittances aid in confirming whether migrants are moved by altruistic or self-interest motives. The study used annual national income data and diaspora remittances flows data for the country Zimbabwe for period 2009-2019. Data for the two variables were properly transformed to enable good results derivation. Using the trend and correlation statistic the study found that diaspora remittances are pro-cyclical. Migrants send money back home for investment purposes more than for altruistic purposes. The study recommends improvement in the investment climate in order to attract more monies from migrants abroad. Continuous diaspora engagement is emphasized to learn more from the wishes of Diasporas that may drive the economy towards stability and growth.
Publication Year: 2020
Publication Date: 2020-12-02
Language: en
Type: article
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