Labour emigration, remittances and economic development: an empirical analysis

Ebunoluwa O. Oyegoke, Ebele Amali
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Abstract

There have been a lot of controversies on the effects of labour emigration and remittances on economic growth and development in the sending countries. Some concluded a significant positive impact, while others failed to identify a direct link between labour and remittance inflow and economic development. This study therefore, empirically estimated the effects of international labour emigration and remittances on economic development in Nigeria, using annual time series data for the period 1977-2021. The Ordinary Least Square (OLS) was employed to analyze the model. Findings suggested a significant positive effect on economic development in Nigeria. Therefore, we concluded that labour migration is an alternative source of income in Nigeria that positively enhanced economic development, hence, should not be discouraged (ceteris paribus).
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劳动力移民、汇款与经济发展:一个实证分析
关于劳务移徙和汇款对派遣国经济增长和发展的影响,一直存在许多争议。一些国家得出了重大的积极影响,而另一些国家未能确定劳工和汇款流入与经济发展之间的直接联系。因此,本研究使用1977-2021年期间的年度时间序列数据,实证估计了国际劳动力移民和汇款对尼日利亚经济发展的影响。采用普通最小二乘法(OLS)对模型进行分析。调查结果表明,这对尼日利亚的经济发展有显著的积极影响。因此,我们的结论是,劳动力移民是尼日利亚的另一种收入来源,它积极促进了经济发展,因此不应受到阻碍(其他条件相同)。
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