Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria

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dc.contributor.authorOlubiyi, Ebenezer
dc.contributor.authorOlarinde, Omolola S.
dc.date.accessioned2019-07-22T16:06:38Z
dc.date.available2019-07-22T16:06:38Z
dc.date.issued2015-12-18
dc.description.abstractPoverty 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.en_US
dc.identifier.citationOlubiyi, 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.en_US
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/390
dc.language.isoenen_US
dc.publisherJournal of Economic and Social Thoughten_US
dc.subjectRemittancesen_US
dc.subjectEconomic developmenten_US
dc.subjectFinancial institutionsen_US
dc.subjectGovernance institutionen_US
dc.titleRevisiting the Effects of Workers’ Remittances on Economic Development in Nigeriaen_US
dc.typeArticleen_US
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