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 » Evans Osabuohien is presently the Head of his Department (Economics & Development Studies, Covenant University, Ota, Nigeria).He holds B.Sc, M.Sc and Ph.D (Economics) and 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... view full profile
Osabuohien Evans
 
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