Remittance Inflow And Domestic Credit To Private Sector. The Nigerian Experience

Onyeisi, Ogbonna Samuel and Odo, Stephen Idenyi and Anoke, Charity Ifeyinwa (2018) Remittance Inflow And Domestic Credit To Private Sector. The Nigerian Experience. IOSR Journal of Business and Management (IOSR-JBM), 20 (1). pp. 28-38. ISSN 2319-7668

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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.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 28 May 2019 13:25
Last Modified: 28 May 2019 13:25
URI: http://eprints.gouni.edu.ng/id/eprint/1594

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