Remittances-Output Nexus: Evidence from Nigeria

  • Mikailu Abubakar Department of Economics, Usmanu Danfodiyo University, Sokoto. Sokoto State, Nigeria.
  • Dayyabu Muhammad Department of Economics, College of Education, Maru. Zamfara State, Nigeria.
Keywords: Remittances, Economic Growth, Cointegration.

Abstract

This paper examines remittances–growth nexus for Nigeria by applying cointegration and Granger causality analysis. The data set used is annual time series observations for the period 1977 – 2016. Four possible hypotheses were examined: i) remittances inflow cause growth, ii) growth cause remittances inflow, iii) there is a bi-directional causality between the two variables and iv) both variables are causality independent. Granger causality test result shows that remittance lead growth in the short-run, but there is no long-run relationship between the variables. 

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Published
2017-08-10
How to Cite
Abubakar, M., & Muhammad, D. (2017). Remittances-Output Nexus: Evidence from Nigeria. Journal of Research in Business, Economics and Management, 9(1), 1657-1666. Retrieved from http://scitecresearch.com/journals/index.php/jrbem/article/view/1214
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Articles