Effect of Volatility of Remittance Inflow on Economic Growth of Nigeria
Remittance in flow been a good source of foreign exchange and income in many developing centers especially
in sub – Sahara but divergent option exist on whether it propels or regards economic growth. This study examined whether
the volatility (fluctuation in trend) of remittance has significant impact on economic growth of Nigeria the ordinary least
square (OLS) regression confirms that remittance ginger economic growth. The residual graph confirms the volatility of the
remittance inflow and the author regressive conditional heteroskedinsticity (arch) model shows that volatility of remittance
on flow can not regard economic growth
Index Terms— Economic Growth, Remittance, Volatility.