Impact of Workers ’ Remittances on Financial Development in Nigeria

@inproceedings{Oke2011ImpactOW,
  title={Impact of Workers ’ Remittances on Financial Development in Nigeria},
  author={Babatunde Olufemi Oke},
  year={2011}
}
In this study we examine the nexus between remittances and financial development (FINDEV) in Nigeria from 1977 to 2009. Towards achieving the objective of this study, we employ both the ordinary least square estimation (OLSE) technique and the Generalized Method of Moments (GMM) estimator. Moreover, key diagnostic tests are carried out in order to ascertain model adequacy. We also use two indicators of FINDEV, namely: the ratio of money supply to GDP (m2/gdp) and the ratio of private credit to… CONTINUE READING

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