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- Title
Capital Inflows and Economic Growth in Nigeria: The Role of Macroeconomic Policies.
- Authors
Nwosa, Philip Ifeakachukwu; Akinbobola, Temidayo Oladiran
- 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.
- Subjects
NIGERIA; ECONOMIC development; EXTERNAL debts; CAPITAL movements; GROWTH curves (Statistics); MACROECONOMICS -- Government policy
- Publication
African Development Review / Revue Africaine de Développement, 2016, Vol 28, Issue 3, p277
- ISSN
1017-6772
- Publication type
Article
- DOI
10.1111/1467-8268.12205