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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Remittances' influence on housing construction demand in Sub-Saharan Africa: the case of Kenya
Authors:Kagochi, John M.
Kiambigi, MainaISNI
Year:2012
Periodical:African Development Review (ISSN 1467-8268)
Volume:24
Issue:3
Pages:255-265
Language:English
Geographic term:Kenya
Subjects:remittances
housing construction
emigrants
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1467-8268.2012.00321.x/pdf
Abstract:Although it is well documented that immigrants maintain economic and social ties with their communities of origin through remittances, the role of remittances in asset acquisition for most African countries is yet to be documented. This study provides empirical estimates for the impact of remittances from abroad on housing construction demand in Kenya using time series data for the period 1970-2008. An autoregressive distributed lag (ARDL) modelling process is employed to capture the effect of remittances and other variables on housing construction demand. The computed short- and long-run elasticities indicate that inbound remittances are one of the determinants of housing construction demand in Kenya. Other significant determinants include income, interest rates and urbanization growth. App., bibliogr., sum. [Journal abstract]
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