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Economic and Financial Review

Authors

Bassem Kamir

Publisher

Research Department, Central Bank of Nigeria

Keywords

Growth Nexus, Capital Flows, Emerging Economies, Foreign Capital Flows, Empirical Examination

Abstract

The purpose of this paper is to analyse the effect of foreign capital flows on economic performance in three ways. First, it analyzes 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.

Issue

51

Volume

4

Recommended Citation

Kamir, Bassem. (2013). Empirical Examination of Foreign Capital Flows and Growth Nexus in Emerging Economies. Economic and Financial Review, 51(4), 27-64

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