Migrant remittances and financial inclusion among households in Nigeria

Autor:	Joseph Boniface Ajefu, Joseph O. Ogebe
Rok vydání:	2019
Předmět:	Financial inclusion L700 Household survey Geography Planning and Development Instrumental variable N300 N400 Demographic economics N100 Business L100 Development
Zdroj:	Oxford Development Studies. 47:319-335
ISSN:	1469-9966 1360-0818
DOI:	10.1080/13600818.2019.1575349
Popis:	This article investigates the impact of remittances on financial inclusion, using the 2009 World Bank’s Migration and Remittances Household Survey data for Nigeria. An instrumental variable estimation technique was used to estimate the impact of remittances on financial inclusion, and migrant network effect was used as an instrument to control for potential endogeneity between remittance and financial inclusion. This article finds that the receipt of remittances increases the probability of using formal financial services, such as deposit accounts and Internet/mobile banking. This article concludes that reducing barriers and costs to remittance inflows can improve the access to and use of formal financial services in Nigeria, which can lead to an increase in funds for investments and the economic growth of the country.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1e9ca156c121e535d3091de61b19566d https://doi.org/10.1080/13600818.2019.1575349 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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