The paper investigates the role of remittances and human capital in promoting industrialization across 35 Sub-Saharan African countries and shows that remittances and human capital are significant drivers of industrialization and, importantly, reinforce each other. While remittances provide financial resources that support investment and business expansion, human capital supplies the skills needed to operate and manage modern industrial systems. The interaction between the two factors indicates that the industrializing effect of remittances is stronger in countries with higher levels of human capital and vice versa. The findings highlight the importance of policies that facilitate remittance flows while simultaneously expanding investments in education, skills development, and human capital formation to accelerate industrial development in Sub-Saharan Africa.
Published since 1997, the Review of Development Economics is a highly regarded scholarly journal in economics that publishes articles of general interest across the development field. The journal focuses on quality research accessible to a broad range of economists. It has an acceptance rate of 9% and is ranked 283 out of 3412 journals by the IDEAS/RePEc database. The journal is listed in SCImago Q1 in “Development” and has an H-Index of 69 and an SJR value of 0.699. It is a leading international journal in development economics and is published by John Wiley & Sons.