International remittance inflows and import spending in Nigeria

• Authors: Sanusi Gbenga Peter , Oderinde L. Oladele

Title variants

PL

Wpływ międzynarodowych przekazów i wydatki importowe w Nigerii

• Languages of publication: EN

Abstracts

EN

This study examined the historical trends of remittances and import spending in Nigeria to determine the possible aftermaths of COVID-19 pandemic. Time series data for the period 1977- -2019 was used in a VAR model. Result indicates that a unit shock on remittances accounts for about 28% variation in import demand in the second period. Migrant’s remittances and GDP per capita show a weak endogenous relationship. Remittances tend to be stable and not affected by the exchange rate. Thus, import demand may not reduce significantly due to fall in remittances as a consequence of COVID-19. Therefore, improved industrial expansion in the production of goods and services are essential in curtailing aggregate import demand.

PL

W tym badaniu przeanalizowano historyczne trendy dotyczące przekazów pieniężnych i wydatków importowych w Nigerii, aby określić możliwe następstwa pandemii COVID-19. W modelu VAR wykorzystano dane szeregów czasowych z lat 1977-2019. Wynik wskazuje, że szok jednostkowy dotyczący przekazów pieniężnych odpowiada za około 28% wahań popytu importowego w drugim okresie. Przekazy zarobków migrantów i PKB na mieszkańca wykazują słaby związek endogeniczny. Przekazy pieniężne są zwykle stabilne i kurs wymiany nie ma na nie wpływu. W związku z tym popyt na import może nie spaść znacząco ze względu na spadek przekazów pieniężnych w wyniku COVID-19. Dlatego usprawniona ekspansja przemysłowa w zakresie produkcji towarów i usług ma zasadnicze znaczenie dla ograniczenia zagregowanego popytu na import.

Keywords

EN

international remittance; migrants; import spending; VAR model; Nigeria

PL

przekazy zagraniczne; migranci; wydatki importowe; model VAR; Nigeria

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Nauki o Finansach
• Year: 2020
• Issue: vol. 25, nr 2-3
• Pages: 55-79

Contributors

author

Sanusi Gbenga Peter

• Anchor University, Lagos, Nigeria

author

Oderinde L. Oladele

• Anchor University, Lagos, Nigeria

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