Since 2014
Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria
Journal of Economic and Social Thought
View Archive Info| Field | Value | |
| Title |
Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria
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| Creator |
OLUBIYI, Ebenezer; Federal University of Agriculture Abeokuta
OLARINDE, Omolola Smaria; Department of Economics Elizade University, Ilara-Mokin |
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| Description |
Abstract. Poverty in Nigeria continues unabated despite huge inflow of remittances. Our result supports the argument that remittances can improve economic growth but can also worsen overall wellbeing. Reasons for this are, first, remittances beneficiaries in Nigeria are concentrated in the middle income class with high propensity to consume. Second, due to high propensity to consume, consumption triggers good prices in such a way as to worsen the purchasing power of the poor. Third, institutions are weak and the poor do not benefit from weak institution. Thus good quality institutions should be encouraged while ostentatious spending should be discouraged.Keywords. Remittances, economic development, financial institutions, governance institution.JEL. F40, I32, C22.
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| Publisher |
Journal of Economic and Social Thought
Journal of Economic and Social Thought |
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| Contributor |
—
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| Date |
2015-12-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEST/article/view/549
10.1453/jest.v2i4.549 |
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| Source |
Journal of Economic and Social Thought; Vol 2, No 4 (2015): December; 281-299
Journal of Economic and Social Thought; Vol 2, No 4 (2015): December; 281-299 2149-0422 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEST/article/view/549/630
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| Rights |
Copyright (c) 2015 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0 |
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