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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 | Size | Format | |
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Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria.pdf | Article full-text | 550.11 kB | Adobe PDF | View/Open |
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