The effect of remittance inflow on savings in Nigeria: The role of financial inclusion

References

• Acosta, P., Fajnzylber, P., & Lopez, J. H. (2007). The impact of remittances on poverty and human capital: Evidence from Latin American household surveys (Vol. 4247). World Bank Publications.
   Google Scholar
• Adams, R. H., Jr., & Page, J. (2005). Do international migration and remittances reduce poverty in developing countries? World Development, 33(10), 1645–15. https://doi.org/10.1016/j.worlddev.2005.05.004
   Web of Science ®Google Scholar
• Adegbite, O. O., & Machethe, C. L. (2020). Bridging the financial inclusion gender gap in smallholder agriculture in Nigeria: An untapped potential for sustainable development. World Development, 127, 104755. https://doi.org/10.1016/j.worlddev.2019.104755
   Web of Science ®Google Scholar
• Adejumo, A. O., & Ikhide, S. I. (2019). The effects of remittance inflows on exchange rates in Nigeria. Journal of Developing Areas, 53(1), 1–15. https://doi.org/10.1353/jda.2019.0000
   Google Scholar
• Adetunji, O. M., & David‐West, O. (2019). The relative impact of income and financial literacy on financial inclusion in Nigeria. Journal of International Development, 31(4), 312–335. https://doi.org/10.1002/jid.3407
   Web of Science ®Google Scholar
• Ajefu, J. B. (2018). Migrant remittances and assets accumulation among Nigerian households. Migration and Development, 7(1), 72–84. https://doi.org/10.1080/21632324.2017.1392083
   Google Scholar
• Ajefu, J. B., & Ogebe, J. O. (2019). Migrant remittances and financial inclusion among households in Nigeria. Oxford Development Studies, 47(3), 319–335. https://doi.org/10.1080/13600818.2019.1575349
   Web of Science ®Google Scholar
• Akerlof, G. A. (1970). The market for “lemons”: Quality uncertainty and the market mechanism. Quarterly Journal of Economics, 84(3), 488–500. https://doi.org/10.2307/1879431
   Web of Science ®Google Scholar
• Akhor, S. O., & Aruna, A. (2022). Modern technological development and financial inclusion in Nigeria. Sau Journal of Management and Social Sciences, 7(3), 93–104. https://www.researchgate.net/profile/Sadiq-Akhor/publication/365127448_Modern_Technological_Development_and_Financial_Inclusion_in_Nigeria/links/636587c954eb5f547ca46d6b/Modern-Technological-Development-and-Financial-Inclusion-in-Nigeria.pdf
   Google Scholar
• Alleluyanatha, E., & Treasure, L. (2021). Effect of youths remittances on rural livelihoods in South Eastern Nigeria. Remittances Review, 6(2), 133–151. https://doi.org/10.33182/rr.v6i2.1581
   Google Scholar
• Allison, P. D. (1999). Multiple regression: A primer. Pine Forge Press.
   Google Scholar
• Ambrosius, C., & Cuecuecha, A. (2016). Remittances and the use of formal and informal financial services. World Development, 77, 80–98. https://doi.org/10.1016/j.worlddev.2015.08.010
   Web of Science ®Google Scholar
• Amuedo-Dorantes, C. (2014). The good and the bad in remittance flows. IZA World of Labor.
   Google Scholar
• Angela, C., Kass-Hanna, J., & Fava, A. (2020). Fintech development and savings, borrowing, and remittances: A comparative study of emerging economies. Emerging Markets Review, 51. https://doi.org/10.1016/j.ememar.2021.100842
   Web of Science ®Google Scholar
• Anthony-Orji, O. I., Orji, A., Ogbuabor, J. E., & Nwosu, E. O. (2019). Do financial stability and institutional quality have impact on financial inclusion in developing economies? A new evidence from Nigeria. International Journal of Sustainable Economy, 11(1), 18–4018–40. [ RePEc:ids:ijsuse:v:11:y:2019:i:1:p]
   Google Scholar
• Apanisile, O. T. (2021). Remittances, financial development and the effectiveness of monetary policy transmission mechanism in Nigeria: A DSGE approach (1986–2018). Indian Economic Review, 56(1), 91–112. https://doi.org/10.1007/s41775-021-00110-z
   Google Scholar
• Awaworyi Churchill, S., Nuhu, A. S., & Smyth, R. (2020). Financial inclusion and poverty: Micro-level evidence from Nigeria. Moving from the Millennium to the Sustainable Development Goals: Lessons and Recommendations, 11–36. https://doi.org/10.1007/978-981-15-1556-9_2
   Google Scholar
• Babajide, A. A., Lawal, A. I., Amodu, L. O., Ewetan, O. O., Esowe, S. L., & Okafor, T. C. (2020). Financial institutions concentration and financial inclusion penetration in Nigeria: A comparative analysis. Journal of Contemporary African Studies, 38(4), 610–626.
   Web of Science ®Google Scholar
• Bang, J. T., Mitra, A., & Wunnava, P. V. (2022). Hollowing out the middle? Remittances, poverty, and income inequality in Nigeria. Migration and Development, 11(3), 543–559. https://doi.org/10.1080/21632324.2020.1806599
   Google Scholar
• Bateman, M., Duvendack, M., & Loubere, N. (2019). Is fin-tech the new panacea for poverty alleviation and local development? Review of African Political Economy, 46(161), 480–495. https://doi.org/10.1080/03056244.2019.1614552
   Web of Science ®Google Scholar
• Bernards, N. (2019). The poverty of fintech? psychometrics, credit infrastructures, and the limits of financialization. Review of International Political Economy, 26(5), 815–838. https://doi.org/10.1080/09692290.2019.1597753
   Web of Science ®Google Scholar
• Berndt, C., & Boeckler, M. (2009). Geographies of circulation and exchange: Constructions of markets. Progress in Human Geography, 33(4), 535–551. https://doi.org/10.1177/0309132509104805
   Web of Science ®Google Scholar
• Clément, M. (2011). Remittances and household expenditure patterns in Tajikistan: A propensity score matching analysis. Asian Development Review, 28, 58–87. https://doi.org/10.2139/ssrn.2001145
   Google Scholar
• De Haas, H. (2006). Migration, remittances and regional development. Southern Morocco. Geoforum, 37(4), 565–580. https://doi.org/10.1016/j.geoforum.2005.11.007
   Web of Science ®Google Scholar
• Ene, E. E., Abba, G. O., & Fatokun, G. F. (2019). The impact of electronic banking on financial inclusion in Nigeria. The American, 9(6), 1409–1422. https://doi.org/10.4236/ajibm.2019.96092
   Google Scholar
• Fowowe, B. (2020). The effects of financial inclusion on agricultural productivity in Nigeria. Journal of Economics and Development, 22(1), 61–79. https://doi.org/10.1108/JED-11-2019-0059
   Google Scholar
• Frost, J. (2020). The economic forces driving fintech adoption across countries. In M. R. King & R. W. Nesbitt, Eds. The technological revolution in financial services: How banks, fintechs, and customers win together (pp. 70–89). University of Toronto Press. https://doi.org/10.3138/9781487533137-006
   Google Scholar
• Gabor, D., & Brooks, S. (2017). The digital revolution in financial inclusion: International development in the fintech era. New Political Economy, 22(4), 423–436. https://doi.org/10.1080/13563467.2017.1259298
   Web of Science ®Google Scholar
• Greene, W. H. (2008). The econometric approach to efficiency analysis. The measurement of productive efficiency and productivity growth. 1(1), 92–250. https://doi.org/10.1093/acprof:oso/9780195183528.003.0002
   Google Scholar
• Grigorian, D. A., & Melkonyan, T. A. (2011). Destined to receive: The impact of remittances on household decisions in Armenia. Review of Development Economics, 15(1), 139–153. https://doi.org/10.1111/j.1467-9361.2010.00598.x
   Web of Science ®Google Scholar
• Guermond, V. (2022). Whose money? Digital remittances, mobile money and fintech in Ghana. Journal of Cultural Economy, 15(4), 436–451. https://doi.org/10.1080/17530350.2021.2018347
   Web of Science ®Google Scholar
• Heckman, J. J. (1979). Sample selection bias as a specification error. Econometrica: Journal of the Econometric Society, 153–161. https://doi.org/10.3386/w0172
   Web of Science ®Google Scholar
• Hua, T. X., Kessels, R., & Erreygers, G. (2022). The Impact of Remittances on Saving Behaviour and Expenditure Patterns in Vietnam. Economies, 10(9), 223. https://doi.org/10.3390/economies10090223
   Web of Science ®Google Scholar
• Ibrahim, S. S., & Aliero, H. M. (2020). Testing the impact of financial inclusion on income convergence: Empirical evidence from Nigeria. African Development Review, 32(1), 42–54. https://doi.org/10.1111/1467-8268.12413
   Web of Science ®Google Scholar
• Iheke, O. R. (2012). The effect of remittances on the Nigerian economy. International Journal of Development and Sustainability, 1(2), 614–621. https://www.researchgate.net/publication/273453725_The_effect_of_remittances_on_the_Nigerian_Economy
   Google Scholar
• Jain, S., & Gabor, D. (2020). The rise of digital financialisation: The case of India. New Political Economy, 25(5), 813–828. https://doi.org/10.1080/13563467.2019.1708879
   Web of Science ®Google Scholar
• Kamalu, K., Wan Ibrahim, W. H. B., Ahmad, A. U., & Mustapha, U. A. (2019). Causal link between financial developments, financial inclusion and economic growth in nigeria. International Journal of Scientific and Technology Research, 8(12), 2757–2763. https://www.researchgate.net/publication/337991822_Causal-Link-Between-Financial-Developments-Financial-Inclusion-And-Economic-Growth-In-Nigeria
   Google Scholar
• Katz, E., & Stark, O. (1986). On fertility, migration and remittances in LDCs. World Development, 14(1), 133–135. https://doi.org/10.1016/0305-750X(86)90101-4
   Web of Science ®Google Scholar
• Kvangraven, I. H. (2020). Nobel rebels in disguise assessing the rise and rule of the randomistas. Review of Political Economy, 32(3), 305–341. https://doi.org/10.1080/09538259.2020.1810886
   Web of Science ®Google Scholar
• Kwesi, A. K., Mwongeli, M. S., & Festus, M. W. (2020). Diaspora remittances and financial inclusion in Kenya. European Journal of Business and Management Research, 5(2). https://doi.org/10.24018/ejbmr.2020.5.2.289
   Google Scholar
• Li, J. J., Salinas, J. C., & Ramırez, T. (2014). Do remittances foster financial inclusion in Mexico?. BBVA.
   Google Scholar
• Lucas, R. E., & Stark, O. (1985). Motivations to remit: Evidence from Botswana. Journal of Political Economy, 93(5), 901–918. https://doi.org/10.1086/261341
   Web of Science ®Google Scholar
• Lyons, A. C., Kass-Hanna, J., & Fava, A. (2022). Fintech development and savings, borrowing, and remittances: A comparative study of emerging economies. Emerging Markets Review, 51, 100842. https://doi.org/10.1016/j.ememar.2021.100842
   Web of Science ®Google Scholar
• Meldina, K. J., Jasmina, O., & Danijel, H. (2020). Remittances as an opportunity to increase savings and financial inclusion of youth in South East Europe. Economic Research, 33(1), 2606–2619. https://doi.org/10.1080/1331677X.2020.1749104
   Google Scholar
• Misati, R., & Kamau, A. (2018). Do migrant remittances matter for financial development in Kenya?. The Kenya Bankers Association (KBA). ( Working Papers, 30).
   Google Scholar
• Modigliani, F., & Brumberg, R. (1954). Utility analysis and the consumption function: An interpretation of cross-section data. Franco Modigliani, 1(1), 388–436. https://doi.org/10.4236/me.2016.75071
   Google Scholar
• Mohammed, Z. H., Tanbir, H., & Ohidul, I. S. (2016). Impact of remittance on consumption and savings behavior in rural areas of Bangladesh. The Journal of Business, 1(4), 25. https://doi.org/10.18533/job.v1i4.49
   Google Scholar
• Natile, S. (2020). The exclusionary politics of digital financial inclusion: Mobile money. Routledge. Gendered walls. https://doi.org/10.4324/9780367179618
   Google Scholar
• Nguyen, V. C., & Huang, L. V. (2018). The impact of migration and remittances on household welfare: Evidence from Vietnam. Journal of International Migration & Integration, 19(9), 45–63. https://doi.org/10.1007/s12134-018-0571-3
   Google Scholar
• Nwokoye, E. S., Igbanugo, C. I., & Dimnwobi, S. K. (2020). International migrant remittances and labour force participation in Nigeria. African Development Review, 32(2), 125–137. https://doi.org/10.1111/1467-8268.12421
   Web of Science ®Google Scholar
• Nyamongo, E. M., Misati, R. N., Kipyegon, L., & Ndirangu, L. (2012). Remittances, financial development, and economic growth in Africa. Journal of Economic and Business, 64(3), 240–260. https://doi.org/10.1016/j.jeconbus.2012.01.001
   Google Scholar
• Ohiomoje, I. A., & Abiodun, F. (2019). The impact of remittances on household investment in Nigeria. International Journal of Business and Economic Development, 7(2). https://doi.org/10.24052/IJBED/V07N02/ART-05
   Google Scholar
• Olaniyan, T. O. (2019). Interactive effects of remittances and financial sector development on economic growth in Nigeria. Remittances Review, 4(1), 19–39. https://doi.org/10.33182/rr.v4i1.677
   Google Scholar
• Olayungbo, D. O., Olaniyi, C. O., & Ojeyinka, T. A. (2020). Asymmetric effects of remittances on economic growth in Nigeria: Evidence from non-linear ARDL analysis.
   Google Scholar
• Omobolanle, Y. R., Sheriffdeen, T., & Adesoye, B. (2019). Effects of remittances on financial development in Nigeria. Ife Social Sciences Review, 27(1), 47–59. https://issr.oauife.edu.ng/index.php/issr/article/view/97
   Google Scholar
• Opiniano, J. M. (2021). Remittances and the financial capabilities of migrant households in the Philippines. Asian and Pacific Migration Journal, 30(3), 370–385. https://doi.org/10.1177/01171968211044573
   Web of Science ®Google Scholar
• Orozco, M., & Fedewa, R. (2006). Leveraging efforts on remittances and financial intermediation (Working Paper ITD= Documento de Trabajo ITD. RePEc:idb:intalp:1448 24, BID–INTAL.
   Google Scholar
• Quartey, P., Ackah, C., & Lambon-Quayefio, M. P. (2018). Inter-linkages between remittance and savings in Ghana. International Journal of Social Economics, 46(1), 152–166. https://doi.org/10.1108/IJSE-12-2017-0618
   Web of Science ®Google Scholar
• Rapoport, H., & Docquier, F. (2006). The economics of migrants’ remittances. Handbook of the Economics of Giving, Altruism and Reciprocity, 2, 1135–1198. https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fdocs.iza.org%2Fdp1531.pdf;h=repec:iza:izadps:dp1531
   Google Scholar
• Romer, D. (2012). Advanced macroeconomics (4e ed.). McGraw-Hill.
   Google Scholar
• Rosenbaum, P. R., & Rubin, D. B. (1983). The central role of the propensity score in observational studies for causal effects. Biometrika, 70(1), 41–55. https://doi.org/10.1093/biomet/70.1.41
   Web of Science ®Google Scholar
• Salahuddin, S., Muhammad, M. M., & Kian, T. K. (2022). Remittances and households’ savings behaviour in Bangladesh. Society and Business Review, 17(1), 120–140. https://doi.org/10.1108/SBR-08-2020-0104
   Web of Science ®Google Scholar
• Solow, R. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65–94. https://doi.org/10.2307/1884513
   Web of Science ®Google Scholar
• Taylor, E. J. (1999). The new economics of labour migration and the role of remittances in the migration process. International Migration, 37(1), 63–88. https://doi.org/10.1111/1468-2435.00066
   PubMed Web of Science ®Google Scholar
• Wayne, T., Soetan, T., Bajepade, G., & Mogaji, E. (2020). Technologies for financial inclusion in Nigeria. Research Agenda Working Papers, 2020(4), 40–56. https://doi.org/10.13140/RG.2.2.35554.89287
   Google Scholar
• Zhu, Y., Wu, Z., Meiyan, W., Du, Y., & Fang, C. (2009). Do migrants really save more? In Understanding the Impact of remittances on savings in rural China (pp. 0923). University of Kent, KDPE. https://doi.org/10.1080/00220388.2011.638141
   Google Scholar
• Zhu, Y., Zhongmin, W., Liquan, P., & Laiyun, S. (2014). Where did all the remittances go? Understanding the impact of remittances on consumption patterns in rural China. Applied Economics, 46(13), 1312–1322. https://doi.org/10.1080/00036846.2013.872764
   Google Scholar