Central Bank of Nigeria
Foreign capital flows, Emerging economies
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 â€“ FDI, portfolio investments, aid, debt, remittances and tests their effect on competitiveness.
CBN Economic and Financial Review
Kamar, B. (2013). Empirical examination of foreign capital flows and growth nexus in emerging economies. CBN Economic and Financial Review, 51(4), 27 - 64.