Record Details

HOUSEHOLD INWARD REMITTANCES AND BANKING SECTOR DEVELOPMENT: THE NIGERIAN EXPERIENCE (1977 – 2014)

Archives of Business Research

View Archive Info
 
 
Field Value
 
Title HOUSEHOLD INWARD REMITTANCES AND BANKING SECTOR DEVELOPMENT: THE NIGERIAN EXPERIENCE (1977 – 2014)
 
Creator ogboi, charles
 
Subject inward remittances, banking sector development, value addition, GMM
 
Description 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. 
 
Publisher Archives of Business Research
 
Contributor —
 
Date 2017-07-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ABR/article/view/3430
10.14738/abr.57.3430
 
Source Archives of Business Research; Vol 5, No 7 (2017): Archives of Business Research
2054-7404
10.14738/abr.57.2017
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ABR/article/view/3430/1966
 
Rights Copyright (c) 2017 Archives of Business Research
http://creativecommons.org/licenses/by/4.0