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Capital Inflows and Economic Growth in Nigeria: The Role of Macroeconomic Policies

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  • Philip Ifeakachukwu Nwosa
  • Temidayo Oladiran Akinbobola

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  • Philip Ifeakachukwu Nwosa & Temidayo Oladiran Akinbobola, 2016. "Capital Inflows and Economic Growth in Nigeria: The Role of Macroeconomic Policies," African Development Review, African Development Bank, vol. 28(3), pages 277-290, September.
    • Handle: RePEc:bla:afrdev:v:28:y:2016:i:3:p:277-290
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    1. Nigel Driffield & Chris Jones, 2013. "Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 25(2), pages 173-196, April.
    2. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
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    4. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    5. Nahed Zghidi & Imen Mohamed Sghaier & Zouheir Abida, 2016. "Does Economic Freedom Enhance the Impact of Foreign Direct Investment on Economic Growth in North African Countries? A Panel Data Analysis," African Development Review, African Development Bank, vol. 28(1), pages 64-74, March.
    6. Abdoul’ Ganiou Mijiyawa, 2015. "What Drives Foreign Direct Investment in Africa? An Empirical Investigation with Panel Data," African Development Review, African Development Bank, vol. 27(4), pages 392-402, December.
    7. Banerjee, Anindya & Dolado, Juan J. & Galbraith, John W. & Hendry, David, 1993. "Co-integration, Error Correction, and the Econometric Analysis of Non-Stationary Data," OUP Catalogue, Oxford University Press, number 9780198288107.
    8. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    9. Luiz R. de Mello Jr., 1997. "Foreign Direct Investment in Developing Countries: A Selective Survey," Studies in Economics 9701, School of Economics, University of Kent.
    10. Liutang Gong & Heng‐fu Zou, 2001. "Foreign Aid Reduces Labor Supply and Capital Accumulation," Review of Development Economics, Wiley Blackwell, vol. 5(1), pages 105-118, February.
    11. Séverine Blaise, 2009. "Japanese aid as a prerequisite for FDI: the case of Southeast Asian countries," Asia Pacific Economic Papers 385, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    12. Engle, R. F. & Granger, C. W. J. (ed.), 1991. "Long-Run Economic Relationships: Readings in Cointegration," OUP Catalogue, Oxford University Press, number 9780198283393.
    13. M. Ram�rez, 2000. "Foreign Direct Investment in Mexico: A Cointegration Analysis," Journal of Development Studies, Taylor & Francis Journals, vol. 37(1), pages 138-162, October.
    14. Henry Okodua, 2009. "Foreign Direct Investment and Economic Growth: Co-Integration and Casualty Analysis of Nigeria," The African Finance Journal, Africagrowth Institute, vol. 11(1), pages 54-73.
    15. Eskander Alvi & Debasri Mukherjee & Elias Kedir Shukralla, 2008. "Aid, Policies, and Growth in Developing Countries: A New Look at the Empirics," Southern Economic Journal, John Wiley & Sons, vol. 74(3), pages 693-706, January.
    16. Emeka Nkoro & Aham KelvinUko, 2012. "Foreign Capital Inflows and Economic Growth in Nigeria: An Empirical Approach," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 2(5), pages 149-161, November.
    17. John C. Anyanwu & Nadège D. Yaméogo, 2015. "Regional Comparison of Foreign Direct Investment to Africa: Empirical Analysis," African Development Review, African Development Bank, vol. 27(4), pages 345-363, December.
    18. Frimpong, Joseph Magnus & Oteng-Abayie, Eric Fosu, 2006. "Bounds testing approach: an examination of foreign direct investment, trade, and growth relationships," MPRA Paper 352, University Library of Munich, Germany, revised 09 Oct 2006.
    19. Séverine Blaise, 2009. "Japanese Aid as a Prerequisite for FDI : The Case of Southeast Asian Countries," Finance Working Papers 22767, East Asian Bureau of Economic Research.
    20. repec:bla:rdevec:v:5:y:2001:i:1:p:105-18 is not listed on IDEAS
    21. Luiz de Mello, 1997. "Foreign direct investment in developing countries and growth: A selective survey," Journal of Development Studies, Taylor & Francis Journals, vol. 34(1), pages 1-34.
    22. Ibrahim Alley, 2015. "Private Capital Flows and Economic Growth of Sub-Saharan African Countries," African Development Review, African Development Bank, vol. 27(4), pages 469-483, December.
    23. Chien-Chiang Lee & Swee Yoong Wong, 2005. "Inflationary Threshold Effects In The Relationship Between Financial Development And Economic Growth: Evidence From Taiwan And Japan," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 49-69, June.
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    Cited by:

    1. Cazachevici, Alina & Havranek, Tomas & Horvath, Roman, 2019. "Remittances and Economic Growth: A Quantitative Survey," EconStor Preprints 205812, ZBW - Leibniz Information Centre for Economics.
    2. Destrée, Nicolas & Gente, Karine & Nourry, Carine, 2021. "Migration, remittances and accumulation of human capital with endogenous debt constraints," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 38-60.
    3. Cazachevici, Alina & Havranek, Tomas & Horvath, Roman, 2020. "Remittances and economic growth: A meta-analysis," World Development, Elsevier, vol. 134(C).
    4. Adeniyi Jimmy Adedokun, 2017. "Foreign Aid, Governance and Economic Growth in Sub-Saharan Africa: Does One Cap Fit All?," African Development Review, African Development Bank, vol. 29(2), pages 184-196, June.
    5. Mary Bosede Olufayo & Bamidele Olumilua, 2023. "The Impact of Macroeconomic Policy on the Mining Sector Output in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(11), pages 601-612, November.
    6. Kazeem Bello Ajide & Oluwanbepelumi Esther Osode, 2017. "Does FDI Dampen or Magnify Output Growth Volatility in the ECOWAS Region?," African Development Review, African Development Bank, vol. 29(2), pages 211-222, June.

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