DETERMINANTS AND IMPACT OF REMITTANCES ON THE NIGERIAN ECONOMY: 1996-2009

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dc.contributor.authorOSARENSE, EDOMWONYI-OTU
dc.date.accessioned2014-02-21T11:09:09Z
dc.date.available2014-02-21T11:09:09Z
dc.date.issued2012-11
dc.descriptionA THESIS SUBMITTED TO THE DEPARTMENT OF ECONOMICS FOR THE REQUIREMENT OF AWARD OF MASTERS OF SCIENCE IN ECONOMICS (M.Sc) AHMADU BELLO UNIVERSITY, ZARIA November, 2012en_US
dc.description.abstractRemittances, over the years have become a topical issue globally because of its phenomenal volume and its potential to serve as an alternative source of development finance in a nation’s economy. The growing importance of remittances as a source of foreign exchange is reflected in the fact that they have outpaced foreign direct investment and official development assistance to Nigeria in recent years. In order to investigate the impact of remittances on economic growth in Nigeria and its macroeconomic determinants, the Regression and VEC models were used in carrying out the analysis using quarterly data from 1996-2009. Variables included in the Regression model are GDP, remittance, foreign aid, investment in physical and human capital, portfolio investments, degree of openness, FDI and institutions, while for the VAR, remittances, real agricultural GDP, exchange rate and inflation were used. We found remittances have a positive and significant impact on economic growth and real agricultural GDP, exchange rate and inflation determine remittances inflow in Nigeria. Finally we found that Nigerians in diaspora are motivated to remit for investment and altruism motives. The main policy implications from this study are that Nigeria can improve her economic growth performance by strategically harnessing the contributions of remittances for economic development.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/2325
dc.language.isoenen_US
dc.subjectDETERMINANTSen_US
dc.subjectIMPACTen_US
dc.subjectREMITTANCESen_US
dc.subjectNIGERIANen_US
dc.subjectECONOMYen_US
dc.subject1996-2009en_US
dc.titleDETERMINANTS AND IMPACT OF REMITTANCES ON THE NIGERIAN ECONOMY: 1996-2009en_US
dc.typeThesisen_US
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