International Remittances, Financial Deepening And Economic Growth In Nigeria
ABSTRACT
In the recent past, remittances have grown rapidly to
form a significant component of foreign inflows to Nigeria. This study
therefore sought to establish the impact of International remittances and
financial deepening on the economic growth of Nigeria (1985-2016). The paper
found a positive and statistically significant relationship between remittances
and financial deepening in Nigeria. Moreover, the coefficient on the
interaction coefficient between remittances and financial sector development
was found to be positive and statistically significant. This result suggests
that remittances can complement the allocation of capital by credit markets to
private investment activities in Nigeria.
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KELECHI, K (2022). International Remittances, Financial Deepening And Economic Growth In Nigeria. Repository.mouau.edu.ng: Retrieved Apr 27, 2024, from https://repository.mouau.edu.ng/work/view/international-remittances-financial-deepening-and-economic-growth-in-nigeria-7-2
KELECHI, KELECHI. "International Remittances, Financial Deepening And Economic Growth In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 17 Oct. 2022, https://repository.mouau.edu.ng/work/view/international-remittances-financial-deepening-and-economic-growth-in-nigeria-7-2. Accessed 27 Apr. 2024.
KELECHI, KELECHI. "International Remittances, Financial Deepening And Economic Growth In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 17 Oct. 2022. Web. 27 Apr. 2024. < https://repository.mouau.edu.ng/work/view/international-remittances-financial-deepening-and-economic-growth-in-nigeria-7-2 >.
KELECHI, KELECHI. "International Remittances, Financial Deepening And Economic Growth In Nigeria" Repository.mouau.edu.ng (2022). Accessed 27 Apr. 2024. https://repository.mouau.edu.ng/work/view/international-remittances-financial-deepening-and-economic-growth-in-nigeria-7-2