Interactive effect of exchange rates with remittance on informal remittance channel: a dynamic analysis
نویسندگان
چکیده
Purpose- It has been commonly observed that remittance flows to low- and middle-income countries surpassed overseas development assistance. is also often noted the sums remitted through formal channels represent only a fraction of total remittances: large though unknown amount funds finds its way families in migrants’ areas origin informal channels. In Nigeria for instance, there high prevalence informality country currently multiple exchange rates adopts managed floating rate system. The objective this paper examine whether an incentive popularity unsafe ecosystem Nigeria. order achieve objective, study examines interactive effect with on Methodology- Annual time series data were employed study. spanned period 2004 2020 sourced from Index Mundi.com Global Economy.com. Autoregressive distributed lag (ARDL) model was used analyze data. Findings- term i.e., LOGOEXC*LOGREMR (official * personal remittances received) positive significant influence channel short run. Conclusion- Exchange system implication government must carry out reforms, including unified market-clearing reduces gap between official parallel market which would enhance sending Keywords: rates, remittance, commercial banks, autoregressive (ARDL), JEL Codes: B26, C51 F31
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ژورنال
عنوان ژورنال: Journal of Business, Economics and Finance
سال: 2022
ISSN: ['2146-7943']
DOI: https://doi.org/10.17261/pressacademia.2022.1631