Impact of remittances and remittance volatility on real effective exchange rate in Nigeria

dc.contributor.advisorYu, Weiqiu
dc.contributor.authorAdibi, Amechi Anthony
dc.date.accessioned2024-03-05T13:52:11Z
dc.date.available2024-03-05T13:52:11Z
dc.date.issued2023-12
dc.description.abstractRemittances constitute a major contributor to capital inflow in many low- and middle-income countries. Nigeria receives the highest proportion of the remittances in sub-Sahara Africa (40.2% in 2021). Despite the positive impact of remittances on the recipient households, its impact on the key macroeconomic variables like real effective exchange rate could leave undesirable outcomes for the country through the loss of trade competitiveness. Using the Dynamic Ordinary Least Squares (DOLS) methodology, the study finds that increase in remittances leads to a depreciation of the real exchange rate and shows no evidence of Dutch-disease in Nigeria. This means that increase in remittances into Nigeria does not negatively affect her trade competitiveness in the world market. Furthermore, remittance volatility resulted in appreciation of the real effective rate, although the result is not statistically significant.
dc.description.copyright© Amechi Anthony Adibi, 2023
dc.format.extentviii, 45
dc.format.mediumelectronic
dc.identifier.urihttps://unbscholar.lib.unb.ca/handle/1882/37741
dc.language.isoen
dc.publisherUniversity of New Brunswick
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.subject.disciplineEconomics
dc.titleImpact of remittances and remittance volatility on real effective exchange rate in Nigeria
dc.typemaster report
oaire.license.conditionother
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of New Brunswick
thesis.degree.levelmasters
thesis.degree.nameM.A.

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