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Diaspora Remittances, Renewable Energy and Enterprise Growth in Nigeria

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  • Victor T. Ojapinwa
  • Dami Lawani

Abstract

While sizeable research have been carried out on the role of diaspora remittances on economic growth and other social-economic factors, not many studies have linked diaspora remittances and entrepreneurship development. Even studies that have linked diaspora remittances and entrepreneurship development excluded the role of renewable energy investment. This is in spite of the argument that renewable energy is major channel by which entrepreneurship activities can lead to job creation as a result of increase in demand in the a competitive market. This study examined the impact of diaspora remittances and renewable energy investment while allowing for change in enterprise growth in Nigeria from 1990 to 2020. The study reported three main findings. Firstly, diaspora remittances have positive relationship with enterprise growth but lack significance in all forms. Secondly, renewable energy has positive relationship with enterprise growth but lost its significance at all levels. Again, the marginal impact of diaspora remittances on enterprise growth is not increasing with the level of renewable energy development adopted. This implies that diaspora remittances have not contributed to improved enterprise growth in Nigeria because the phenomenon is not expended on renewable energy development.

Suggested Citation

  • Victor T. Ojapinwa & Dami Lawani, 2022. "Diaspora Remittances, Renewable Energy and Enterprise Growth in Nigeria," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 25(83), pages 57-73, June.
    • Handle: RePEc:rej:journl:v:25:y:2022:i:83:p:57-73
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    More about this item

    Keywords

    diaspora remittance; Renewable Energy; enterprise growth; Nigeria;
    All these keywords.

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • M59 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Other
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land

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