Remittances-finance-growth trilogy: Do remittance and financial development complement or substitute each other to affect growth in Nigeria?

The study examines the absorptive role of financial development in remittance-growth nexus Nigeria between 1986-2017. In particular, shortrun, long-run, and causal links remittances, development, economic growth are investigated using an autoregressive distributed lag bounds test vector error correction Granger causality. result shows that remittances contribute positively to growth. Furthermore, findings from moderating suggest serve as substitutes affect short run; however, perform a complementary influencing long run. addition, causality tests indicate one-way relationship well bidirectional run, while cause outcome this suggests there time lags Nigeria. implications discussed.