International records / OpenAlex research

Effect of International Remittances on Household Income and Investment in Nigeria: The Moderating Role of Financial Sector Development

This study examined the moderating role of financial sector development in shaping the heterogeneous impact of international remittances on household income in Nigeria. The study adopted the newly developed quantile nonlinear autoregressive distributed lag (QNARDL) model and the findings reveal substantial heterogeneity in the manner remittances influence household income across diverse quantiles. First, it demonstrates that in the short run, positive changes in remittance inflows significantly increase household income, particularly at the middle and upper quantiles, with the effect increasin…