FOREIGN CAPITAL INFLOWS: A PANACEA FOR ECONOMIC DEVELOPMENT IN NIGERIA
نویسندگان
چکیده
This study examined the effect of foreign capital inflows on economic development in Nigeria. The adopted Augmented Dickey–Fuller (ADF), Bound Test and Autoregressive Distributed Lag to analyze yearly data sourced from Central Bank Nigeria (2019). ARDL result revealed long run relationship between coefficients that direct investment had positive but insignificant per capita income (c=0.056; p=0.17) while significant was established portfolio (c=0.0001; p=0.01). Furthermore, control variable, exchange rate found have (c=0.03; p=0.75) inflation negative (c= -0.02; p=0.053). causality test did not granger cause It thus concluded inflow has been able fully improve recommended that, easy policies tax payment expatriation profit should be initiated encourage economy. financial markets need developed reduce spiraling put place investors.
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ژورنال
عنوان ژورنال: Zbornik radova
سال: 2022
ISSN: ['2670-8825', '2670-8833', '2757-4903']
DOI: https://doi.org/10.46458/27121097.2022.28.85