FOREIGN CAPITAL AND AFRICA’S ECONOMIC PROGRESS: FACTS FROM NIGERIA AND SOUTH AFRICA

FOREIGN CAPITAL AND AFRICA’S ECONOMIC PROGRESS: FACTS FROM NIGERIA AND SOUTH AFRICA

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Foreign capital inflow is usually believed as a means of supplementing domestic capital. The paper examined the influence of foreign capital on Africa’s economic progress focusing on Nigeria and South Africa (1970-2004). Data sourced from IFS, CBN and others were analyzed with econometric techniques. Empirical facts from cointegration and Granger casualty tests are as follows: There is a...
 
 
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Osabuohien Evans S
Osabuohien Evans » Dr. Evans Osabuohien is presently the Head his Department (Economics & Development Studies, Covenant University, Ota, Nigeria).He started lecturing and researching in 2004. He was a research fellow at German Development Institute, Bonn with fellowship from Alexander von Humboldt Foundation (October 2013 –December 2014).He held same fellowship at German Institute for Global and Area Studies... view full profile
Osabuohien Evans
 
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