Household Inward Remittances And Banking Sector Development: The Nigerian Experience (1977 – 2014)
Journal Title: Archives of Business Research - Year 2017, Vol 5, Issue 7
Abstract
There has been a massive inflow of diaspora remittances into the Nigerian economy in recent times. However, there are concerns over whether or not inward remittances have any significant effect on the banking sector development in Nigeria. This study sought to: (i) examine the trend of household inward remittances and banking sector development in Nigeria; (ii) analyse the effect of inward remittances on banking sector development in Nigeria. Annual time series data were sourced from World Development Indicators (WDI) (2015) edition of the world bank for the period 1977 – 2014. We employed both descriptive statistics in the form of graph and Generalised Method Moment instrumental variables (GMM-IV) estimator to examine the inward remittances - banking sector development nexus Nigeria. Results show that inward remittances have positive but statistically insignificant effect on banking sector development in Nigeria (β =0.0727; t =0.5165). It is therefore recommended amongst others , that Nigerian banks develop remittance-linked financial products for Nigerians in Diaspora and remittance recipient households instead of treating remittance as a one-off transaction without value addition.
Authors and Affiliations
Ogboi Charles Ph. D, Prof. John Emeka Ezike
Collaborative Learning Environment
The purpose of this research paper is to analyze the effects of collaborative learning environment across different cultural settings. Learning in a collaborative environment teaches us how to quickly adapt and be succes...
Corporate Social Responsibility and Culture: The case of the largest Greek Commercial Bank.
Throughout the years, the banking sector has encountered many challenges and undergone numerous changes in an effort of keeping up with international expectations, regulatory initiatives and competitive pressures. On the...
Why The Big 4 Are Leaders in The Audit Market? A Literature Review
The leadership of the large audit firms has generated great interest in the accounting doctrine to explain about the concentration factors of the audit market. The objective of this paper was to make an extensive review...
A Journey through Development of Inland Waterways in India
Inland Waterways (IWT) is the finest mode of transportation available.With lowest capital cost, low running cost and low maintenance cost the cost of moving goods through this mode is just a fraction of other modes like...
The Influence of the Organizational Justice and Trust to the Leaders on Employee Engagement with Job Satisfaction as Intervening Variable
This study aimed to analyze the influence of organizational justice and trust to the leaders on employee engagement, with job satisfaction as an intervening variable. The research was conducted by taking samples of empl...