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INTERNATIONAL CAPITAL FLOWS AND DEVELOPMENT: FINANCIAL OPENNESS MATTERS EMPIRICAL EVIDENCE FROM NIGERIA

  • Type:Term Paper
  • Chapters:5
  • Pages:17
  • Methodology:Regression Analysis
  • Reference:YES
  • Format:Microsoft Word
(Banking and Finance term paper)
INTERNATIONAL CAPITAL FLOWS AND DEVELOPMENT: FINANCIAL OPENNESS MATTERS EMPIRICAL EVIDENCE FROM NIGERIA

ABSTRACT
The issue of capital flows from rich to poor countries is exhaustively examined in this paper.
International capital flows has diverse implication on the quest for developing countries, particularly Nigeria to achieve economic Development.
Using an empirical evidence in the context of Nigeria, the determinants of capital inflow and its relationship with economic development is empirically examine using time series data covering 1980 – 2010.
The findings derived from a rigorous analysis demonstrate that capital inflow and other complementary explanatory variables significant and positive determinants of economic development in Nigeria, with the exception of openness, which was though significant, had a negative apriori sign. The paper concludes with some policy recommendation of improving the policy environment, liberalising the financial sector, improving social infrastructure, massive investment in human capital development and institutional reform to steer economic development in Nigeria.
1.    Introduction
The need for international capital inflow is rooted in the Harrod – Domar and chenery – strout two gaps models, which hold the views that developing countries could neither save enough nor import enough capital goods from abroad to satisfy their investment requirements. These models, therefore advocate that private foreign capital inflow and aid will be needed to bridge the two gaps

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Details

Type Term Paper
Term Paper ID BFN0853
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 17 Pages
Methodology Regression Analysis
Reference YES
Format Microsoft Word

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    Details

    Type Term Paper
    Term Paper ID BFN0853
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 17 Pages
    Methodology Regression Analysis
    Reference YES
    Format Microsoft Word

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