An Investigation On The Impacts Of Remmitance Inflow On Economic Development In Zimbabwe

Author

Shelly Tome

Title

An Investigation On The Impacts Of Remmitance Inflow On Economic Development In Zimbabwe

Abstract

The study was looking at investigating the impacts of remittance inflow on the economic development of Zimbabwe. The research was conducted based on four objectives that were; to examine the relationship between remittance inflow and economic development in Zimbabwe, to identify the factors that influence the impact of remittance inflow on economic development which include exchange rate, government policies, to assess the potential challenges associated with remittance inflow in Zimbabwe and to provide policy recommendations to enhance the impacts of remittance inflows. The researcher used the Sekeran model to come up with the sample size of 384 respondents. The research methodology followed both qualitative and quantitative designs. Questionnaires and interview guides were used as data generation tools. The study revealed that there is a positive and statistically significant relationship between remittance inflow and economic development and is mediated by factors such as financial sector development, income inequality, living standards and government efforts. It further revealed that effective policies and collaboration between different stakeholders and effective governance and regulation are key to maximising the positive impact of remittance inflows on economic development in Zimbabwe. The study recommends that, to maintain and increase remittance inflows into Zimbabwe, policy makers should focus on improving the economic conditions in the host country and implement policies that promote exchange rate and political stability. The study has shown that further studies into the impact of remittance inflow on social and cultural practices should be carried out

Date

2023

Publisher

BUSE

Keywords

Impact

Remittance

Economic Development

Supervisor

N/A