Trends, Behavioral Patterns and Growth Implications of Foreign Private Capital Flows in Nigeria

Simple item page
dc.contributor.authorDauda, R.O.S
dc.date.accessioned2016-08-29T10:16:02Z
dc.date.available2016-08-29T10:16:02Z
dc.date.issued2008-09
dc.descriptionStaff Publicationsen_US
dc.description.abstractThis paper is a contribution to the often-debated role of foreign capital flows into economies of developing countries. This paper examines the magnitude and impact of foreign private capital flows on economic performance in Nigeria. Previous theoretical and empirical studies on this issue provided conflicting results. Secondary data on some relevant financial and macroeconomic indicators were collected from 1986 to 2006. Descriptive statistics, Pairwise Granger-Causality test and Ordinary Least Squares (OLS) regressions were used to analyze the interaction between indices like the degree of openness, domestic investment, portfolio equity investment, Foreign Direct Investment (FDI), and economic growth. The study found out that the economy is largely driven by domestic investment. Also, there is a positive relationship between index of openness, foreign private capital flow, proxied by FDI and equity or portfolio investment and GDP during the period under review. The major policy recommendation that emerges from this study is the need to put in place the policies that would promote stable and conducive macroeconomic environment, which would encourage foreign capital inflows into the economy of Nigeria.en_US
dc.identifier.citationDauda, R.O.S (2008) Trends, Behavioral Patterns and Growth Implications of Foreign Private Capital Flows in Nigeria.The Icfai University Journal of Financial Economics, Volume 6(3).en_US
dc.identifier.issn09729154
dc.identifier.urihttps://ideas.repec.org/a/icf/icfjfe/v06y2008i3p29-40.html
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/972
dc.language.isoenen_US
dc.publisherThe Icfai University Pressen_US
dc.subjectBehavioral Patternsen_US
dc.subjectCapital flowsen_US
dc.subjectNigeriaen_US
dc.titleTrends, Behavioral Patterns and Growth Implications of Foreign Private Capital Flows in Nigeriaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Trends, Behavioral Patterns and Growth Implications of Foreign Private Capital Flows in Nigeria.pdf
Size:
34.01 KB
Format:
Adobe Portable Document Format
Description:
Abstract
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Economics-Scholarly Publications