Remittance Inflow And Domestic Credit To Private Sector. The Nigerian Experience
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 1
Abstract
The objective of the study is to determine empirically the impact of international remittances inflows to domestic credit to private sector, using Nigeria as a case study between 1980 and 2015. In the model specified, domestic credit to private sector(DCPS) is a function of the growth in international remittance inflows (IRIGWT), oversea development assistance, (ODAGNI), real gross domestic product (RGDP), inflation (INFL), exchange rate (EXR).The study used co- integration, vector error correction mechanism for estimation of specified models. In the short run, IRIGWT was found to have positive insignificant link with DCPS while ODAGNI indicated a negative significant relationship with DCPS. The study recommends that Federal Government of Nigeria should adopt strict policy measures to regulate remittances and also to encourage international remittances passing through official channel by reducing the cost of remittances.
Authors and Affiliations
Onyeisi ogbonna samuel, odo idenyi stephen, anoke ifeyinwa charity
Keywords
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- EP ID EP409411
- DOI 10.9790/487X-2001012838.
- Views 159
- Downloads 0
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