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Asymmetric Effect of Remittances on Environmental Degradation in Nigeria

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  • Taiwo AKINLO

    (Department of Economics, Adeyemi Federal University of Education, Ondo, P.M.B 520, Ondo State, Nigeria)

Abstract

Nigeria has become one of the sub-Saharan Africa’s largest remittance recipients. Despite the economic benefits of remittances, there is rising concern about their impact on environmental degradation. The NARDL approach was used to analyze time-series data from 1980 to 2018, to determine the impact of remittances increases and decreases on environmental degradation in Nigeria. The cointegration results show that remittances and environmental degradation have a long-run relationship. The study found that remittances is asymmetrically connected to ecological footprint (EFP) as a measure of environmental degradation both in the long run and short run whereas it is asymmetrically connected with CO2 as a measure of environmental degradation in the long run only. The study also found that remittances increase contributes to environmental degradation in Nigeria in the long run.

Suggested Citation

  • Taiwo AKINLO, 2022. "Asymmetric Effect of Remittances on Environmental Degradation in Nigeria," Chinese Journal of Urban and Environmental Studies (CJUES), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 1-20, September.
    • Handle: RePEc:wsi:cjuesx:v:10:y:2022:i:03:n:s2345748122500191
    DOI: 10.1142/S2345748122500191
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    Keywords

    Remittances; environmental degradation; NARDL; CO2;
    All these keywords.

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