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Impact of Remittances on Gross Domestic Savings in Uganda

The School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda

This study examined the impact of remittance inflows on gross domestic savings rate (GDS) in Uganda using secondary quarterly data for the period 1999-2017. The other macroeconomic variables used included; deposit interest rates, inflation and real per capita income. In the short run, a positive relationship was established between previous gross domestic savings and remittance inflows with gross domestic savings, while a negative short run relationship was established between broad money supply, debt service and current account balance with gross domestic savings.

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Source: School of Economics, College of Business and Management Sciences (CoBAMS)

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