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Migrant Remittances, Growth and Poverty Reduction: ARDL- Bounds Test and Granger Causality Approach

Author

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  • N. Abiodun LAWAL

    (Department of Economics, Tai Solarin University of Education, Ijagun, Ijebu Ode, Ogun State,Nigeria)

  • Emmanuel Aderinola ADEGUN

    (Department of Accounting, Adeleke University, Nigeria)

  • Timothy Ayomitunde ADEREMI

    (Department of Economics, Accounting and Finance, Bells University of Technology, Ota, Nigeria)

  • Risikat O.S. DAUDA

    (Department of Economics, University of Lagos, Akoka-Yaba Lagos, Nigeria.)

Abstract

This study examines the relationship among remittances, growth and poverty reduction in Nigeria. Secondary data from the World Development Indicators was utilized from 1981-2019. ARDL Bounds test and Granger causality techniques were employed in analyzing the objective of the study. Consequently, the major findings in this study could be submitted as follows: GDP per capita has a positive and significant relationship with migrant remittances. Furthermore, economic growth motivates poverty reduction in the country. Hence, it could be concluded that migrant remittances and growth are important economic variables that drive poverty reduction in Nigeria. Moreover, following the emergence of these important findings, these pertinent recommendations are therefore made for the policymakers in Nigeria and Africa by extension, that whenever poverty reduction is the goal of these policymakers, implementation of the policies that would stimulate sporadic inflows of migrant remittances should be embarked upon. Similarly, policies that will ensure double digit growth rate in sustainable manners in the country should be embarked upon by the policymakers.

Suggested Citation

  • N. Abiodun LAWAL & Emmanuel Aderinola ADEGUN & Timothy Ayomitunde ADEREMI & Risikat O.S. DAUDA, 2022. "Migrant Remittances, Growth and Poverty Reduction: ARDL- Bounds Test and Granger Causality Approach," Business & Management Compass, University of Economics Varna, issue 1-2, pages 74-90.
    • Handle: RePEc:vrn:journl:y:2022:i:1-2:p:74-90
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    References listed on IDEAS

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    Cited by:

    1. Emmanuel Aderinola ADEGUN & Sunday Festus OLASUPO & Ishola James ARANSIOLA & Toluwani Grace KALEJAIYE & Timothy Ayomitunde ADEREMI, 2023. "Role of Female Labour Participation in Reducing Income Inequality in ECOWAS Sub-Region," Business & Management Compass, University of Economics Varna, issue 1, pages 60-79.

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    More about this item

    Keywords

    Migrant Remittances; Growth; GDP Per Capita; Poverty Reduction; ARDL and Nigeria;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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