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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Capital Inflows and economic growth in Nigeria: the role of macroeconomic policies
Authors:Nwosa, Philip Ifeakachukwu
Akinbobola, Temidayo Oladiran
Year:2016
Periodical:African Development Review (ISSN 1467-8268)
Volume:28
Issue:3
Pages:277-290
Language:English
Geographic term:Nigeria
Subjects:capital movements
foreign investments
economic development
economic models
Link:https://doi.org/10.1111/1467-8268.12205
Abstract:This study examined the role of macroeconomic policies (monetary, fiscal and trade policies) in the relationship between capital inflows (proxy by foreign direct investment, foreign aid and international workers' remittances) and economic growth in Nigeria for the period 1970 to 2013. The study employed Autoregressive Distributed Lag (ARDL) Bound co-integration technique. The study found that macroeconomic policy plays a fundamental role in the relationship between capital inflows and economic growth in Nigeria. Bibliogr., notes, ref., sum. [Journal abstract]
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