Empirical examination of foreign capital flows and growth nexus in emerging economies

Authors

Bassem Kamar, University of Monaco

Publisher

Central Bank of Nigeria

Keywords

Foreign capital flows, Emerging economies

Abstract

The purpose of this paper is to analyse the effect of foreign capital flows on economic performance in three ways. First, it analyses empirically the direct effect of capital account liberalisation on growth; second, it continues to explore the subject by testing one of the indirect effects of capital flows on economic welfare, namely their influence on competitiveness; and finally, it breaks down the issue further by decomposing capital flows into their specific elements – FDI, portfolio investments, aid, debt, remittances and tests their effect on competitiveness.

Author Bio

Bassem Kamar is a Professor and Director of Research Dissemination at the International University of Monaco. He is also a training expert at the International Monetary Fund (IMF).

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

51

Recommended Citation

Kamar, B. (2013). Empirical examination of foreign capital flows and growth nexus in emerging economies. CBN Economic and Financial Review, 51(4), 27 - 64.