Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/307823 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Economic Review: Journal of Economics and Business [ISSN:] 2303-680X [Volume:] 18 [Issue:] 1 [Year:] 2020 [Pages:] 61-73
Verlag: 
University of Tuzla, Faculty of Economics, Tuzla
Zusammenfassung: 
The purpose of this study was to investigate direct effects of capital inflow, financial deepe- ning on economic growth in Nigeria due to diverse contentions it stirred among researchers from 1981 to 2018 using the Autoregressive Dis- tributive Lag (ARDL) co-integration approach. The findings from the study showed the existence of a long-run relationship between foreign capital inflows and economic growth in Nigeria. Furthermore, the ARDL regression estimate re- sults pointed that foreign direct investment (FDI), foreign aids (FA) and financial develop- ment (FD) have a positive and significant impact on economic growth, while on the contrary, re-mittances exerted a negative and insignificant relationship on economic growth. Also inflation and exchange rate results showcased a negative impact on economic growth. Based on the find- ings of this study, we conclude that capital inflows (FDI, & FA) positively impact the Nigerian economy both in the short run and long-run within the study period via sound financial deepening, thus concluding that capital inflows are a potential driver of economic growth in Nigeria. Consequently, the study recommends that the central bank should employ a more restrictive monetary policy to suppress the adverse effect that could emanate from inflationary pressure which can distort proper channeling of capital inflows into the country.
Schlagwörter: 
Capital inflows
economic growth
ARDL model
Nigeria
bounds co-integrationtest
JEL: 
C22
O47
C51
P33
O55
Creative-Commons-Lizenz: 
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Dokumentart: 
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