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Workers’ Remittances, Governance Institution and Private Investment in Nigeria

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  • Ebenezer A Olubiyi

Abstract

Workers' remittances have been identified as an important investment driver, by easing credit availability and lowering cost of investment. However, the literature suggests that governance institutions play a crucial role in how this inflow affects investment. Nigeria has been experiencing continuous increase in workers' remittances over time while the level of investment is still low. This work sought to investigate the role of governance in the remittance-investment nexus in Nigeria . A GMM estimation technique was adopted to estimate a simplified institutional framework. The result shows that remittances performed better in influencing investment when governance institution improves. Hence, government is encouraged to improve the state of governance in Nigeria .

Suggested Citation

  • Ebenezer A Olubiyi, 2013. "Workers’ Remittances, Governance Institution and Private Investment in Nigeria," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 5(1), pages 063-081, June.
  • Handle: RePEc:rfb:journl:v:05:y:2013:i:1:p:063-081
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    References listed on IDEAS

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    Cited by:

    1. Ebenezer OLUBIYI & Omolola Smaria OLARINDE, 2015. "Revisiting the Effects of Workers’ Remittances on Economic Development in Nigeria," Journal of Economic and Social Thought, KSP Journals, vol. 2(4), pages 281-299, December.
    2. repec:ksp:journ3:v:1:y:2015:i:4:p:281-299 is not listed on IDEAS
    3. Oluwasheyi S. Oladipo, 2020. "Migrant Workers' Remittances And Economic Growth: A Time Series Analysis," Journal of Developing Areas, Tennessee State University, College of Business, vol. 54(4), pages 75-88, October-D.

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