Title:

International remittance inflows and import spending in Nigeria

Group publication title:

Financial Sciences. Nauki o Finansach

Title in english:

Wpływ międzynarodowych przekazów i wydatki importowe w Nigerii

Creator:

Sanusi, Gbenga Peter ; Oderinde, Oladele L.

Subject and Keywords:

international remittance ; migrants ; import spending ; VAR model ; Nigeria ; przekazy zagraniczne ; migranci ; wydatki importowe ; model VAR

Description:

Financial Sciences. Nauki o Finansach, 2020, vol. 25, no. 2-3, s. 55-79

Abstrakt:

This study examined the historical trends of remittances and import spending in Nigeria to determine the possible aftermaths of COVID-19 pandemic. Time series data for the period 1977- -2019 was used in a VAR model. Result indicates that a unit shock on remittances accounts for about 28% variation in import demand in the second period. Migrant’s remittances and GDP per capita show a weak endogenous relationship. Remittances tend to be stable and not affected by the exchange rate. Thus, import demand may not reduce significantly due to fall in remittances as a consequence of COVID-19. Therefore, improved industrial expansion in the production of goods and services are essential in curtailing aggregate import demand

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2020

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2020.2.04

Language:

eng

Relation:

Financial Sciences. Nauki o Finansach, 2020, vol. 25, no. 2-3

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu