Publication Information
Published by: Admin
Published: 2 years ago
View: 19
Pages: 27
ISBN:
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Abstract
This study examines the role of financial development in enhancing the impacts of remittances on economic growth in Nigeria using annual time series data from 1981 to 2018. Two models were constructed and each model has three specifications to capture the three measures of financial development. The first model is without interactive terms while the second model include the interactive terms. The key variables are financial development, remittances and growth rate of GDP. Government spending and gross fixed capital formation are the control variables. The three measures of financial development include the ratio of broad money (M2) to GDP; the ratio of private sector credit to GDP; and the ratio of market capitalization to GDP.
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