Remittances Financial Deepening and Economic Performance in Nigeria

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dc.contributor.authorOjapinwa, T.V
dc.date.accessioned2017-10-20T10:33:20Z
dc.date.available2017-10-20T10:33:20Z
dc.date.issued2012
dc.descriptionFull Text Attacheden_US
dc.description.abstractDespite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This study tests the hypothesis whether remittances affect growth, in particular how domestic credit to private sector development influences a country's capacity to take advantage of remittances in Nigeria. Using unit root, co integration tests and the Error Correction (ECM) methodology, estimates suggest that remittances have a positive and significant effect on economic growth in Nigeria. The interacting relationship of remittances with a financial deepening variable reveals that these two variables ere complement and, moreover, that the impact of remittances is more pronounced within a functional financial deepening variable. The study recommends t~t more appropriate macroeconomic framework should be developed to assist in improving its financial development and create appropriate infrastructure to complement investments out of remittances.en_US
dc.identifier.citationOjapinwa, T.V (2012), Remittances Financial Deepening and Economic Performance in Nigeria. Jos Journal of Economics, vol. 5 (1).en_US
dc.identifier.issn0189-0998
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2431
dc.language.isoenen_US
dc.publisherDepartment of Economics, University of Jos, Jos, Nigeria.en_US
dc.relation.ispartofseriesStaff Publications;
dc.subjectRemittancesen_US
dc.subjectFinancial-Deepeningen_US
dc.subjectGrowth JEL classification: F24, E51, 047en_US
dc.titleRemittances Financial Deepening and Economic Performance in Nigeriaen_US
dc.typeArticleen_US
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