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...

This paper investigates the determinants of the real exchange rate (RER) in Ethiopia. In particular, it assesses whether large capital inflows (e.g. foreign aid and remittances) have an impact on the RER. This empirical exercise tries to improve the current literature in a number of ways: (i) the use of quarterly data provides a larger sample size and enables the modelling of important intra-ye...

Remittance inflows represent one of the most significant sources of foreign funding for most developing countries. These funds have also proven to be one of the most stable sources of external financing for developing countries during the past few decades and in the period of the last global crisis. They are much less responsive to economic cycles and economic shocks than foreign direct investm...