Foreign Remittances, Good Governance and Human Development in Sub-Saharan Africa: Evidence from FMOLS and DOLS

Even though some progress has been recorded in terms of GDP growth Sub-Saharan Africa, still the region high level extreme poverty, income inequality, insecurity, consequently low human development. This study examined effect foreign remittances and governance on development for 20 countries sub-Saharan using data from 1996 to 2019. The used FMOLS DOLS methods estimates long run coefficients. All variables are I(1), have cross section dependency cointegrated. results revealed that promote Africa. also show inflation, population military expenditures found negative development, while financial positive Therefore, policies will attract encourage sending through official channel should be put place, especially related cost Also, strengthen institutions provide quality regulatory legal framework equitable distribution resources reduce doing business, thereby promoting business activities, capital higher