The broad objective of the study is to determine empirically the impact of international remittan... more The broad objective of the study is to determine empirically the impact of international remittances inflows to domestic economy, using Nigeria as a case study between 1980 and 2015. The specific objectives are to determine to what extent international remittance inflows impact on the growth of domestic economy; to investigate if there is significant casual relationship between international remittance inflows and the growth of domestic economy in Nigeria and to compare the influence of oversea development assistance and international remittance inflows to the growth of domestic product in Nigeria. In the model specified, real gross domestic product (RGDP) is a function of the growth international remittance inflows (IRIGWT), oversea development assistance, (ODAGNI), balance of trade (BOT), and inflation (INFL). The study used cointegration, vector error correction mechanism and granger causality for estimation of specified models. The results of estimation depict a negative signifi...
The broad objective of the study is to determine empirically the impact of international remittan... more The broad objective of the study is to determine empirically the impact of international remittances inflows to domestic economy, using Nigeria as a case study between 1980 and 2015. The specific objectives are to determine to what extent international remittance inflows impact on the growth of domestic economy; to investigate if there is significant casual relationship between international remittance inflows and the growth of domestic economy in Nigeria and to compare the influence of oversea development assistance and international remittance inflows to the growth of domestic product in Nigeria. In the model specified, real gross domestic product (RGDP) is a function of the growth international remittance inflows (IRIGWT), oversea development assistance, (ODAGNI), balance of trade (BOT), and inflation (INFL). The study used cointegration, vector error correction mechanism and granger causality for estimation of specified models. The results of estimation depict a negative signifi...
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