Binus Business Review
Vol 8, No 2 (2017): Binus Business Review

Capital Flight and the Economic Growth: Evidence from Nigeria

Lawal, Adedoyin I. (Unknown)
Kazi, Kelechi Promise (Unknown)
Adeoti, Johnson Olabode (Unknown)
Osuma, Osagie Godswill (Unknown)
Akinmulegun, Sunday O. (Unknown)
Ilo, Bamidele (Unknown)



Article Info

Publish Date
31 Aug 2017

Abstract

This research examined the impact of capital flight and its determinants on the Nigerian economy using the Autoregressive Distributed Lag (ARDL) model to analyze data source from the period of 1981 to 2015. The variables included current account balance, capital flight, foreign direct investments, foreign reserve, inflation rate, external debt, and the real gross domestic product. It was to examine the existence of a long run relationship among the variables studied. The result indicates that capital flight has a negative impact on the economic growth of Nigeria. Therefore, there is a need for government to implement policies that will promote domestic investment and discourage capital flight from Nigeria.

Copyrights © 2017






Journal Info

Abbrev

BBR

Publisher

Subject

Economics, Econometrics & Finance

Description

Binus Business Review is an international journal published in March, July, and November hosted by the Research and Technology Transfer Office (LPPM) of Universitas Bina Nusantara. The journal contents are managed by the Binus Business School, Faculty of Economics and Communications, and Forum ...