Please use this identifier to cite or link to this item: http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/390
Title: Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria
Authors: Olubiyi, Ebenezer
Olarinde, Omolola S.
Keywords: Remittances
Economic development
Financial institutions
Governance institution
Issue Date: 18-Dec-2015
Publisher: Journal of Economic and Social Thought
Citation: Olubiyi, E., & Olarinde, O. S. (2015). Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria. Journal of Economic and Social Thought, 2(4), 281-299.
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.
URI: http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/390
Appears in Collections:Research Articles

Files in This Item:
File Description SizeFormat 
Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria.pdfArticle full-text550.11 kBAdobe PDFThumbnail
View/Open


Items in EUSpace are protected by copyright, with all rights reserved, unless otherwise indicated.