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The impact of foreign capital inflows on economic growth in selected West African countries

The West African countries have been identified with inadequate capital for investment, being one of the poorest sub-regions in the world. This study employed panel data from 1980 to 2013 to examine the impact of foreign capital inflows on the economic growth in the selected West African countries...

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Main Author: Oluwaseyi, Musibau Hammed
Format: Thesis
Language:English
English
Published: 2016
Subjects:
HC Economic History and Conditions
Online Access:http://etd.uum.edu.my/6089/
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spelling my.uum.etd.60892021-04-19T06:24:41Z http://etd.uum.edu.my/6089/ The impact of foreign capital inflows on economic growth in selected West African countries Oluwaseyi, Musibau Hammed HC Economic History and Conditions The West African countries have been identified with inadequate capital for investment, being one of the poorest sub-regions in the world. This study employed panel data from 1980 to 2013 to examine the impact of foreign capital inflows on the economic growth in the selected West African countries using Two Gap Theory. The objective of this study is to examine the nature of relationship between foreign capital inflows and the level of economic growth selected West African Countries and to observe the causality between foreign capital inflows components and economic growth. The study adopts Pedroni cointegration and granger causality test. The result shows the existence of long run relationship between foreign capital inflows and economics growth in selected West African country. All the variables were positive but only foreign direct investment is significant. Net migrant remittance, foreign direct investment and official development assistance cause growth in the short run. The study recommends policies to encourage capital inflows via macroeconomic management, a flexible exchange rate, financial sector supervision, large reserves and diversification of domestic economies. 2016 Thesis NonPeerReviewed text en /6089/1/s818466_01.pdf text en /6089/2/s818466_02.pdf Oluwaseyi, Musibau Hammed (2016) The impact of foreign capital inflows on economic growth in selected West African countries. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Oluwaseyi, Musibau Hammed
The impact of foreign capital inflows on economic growth in selected West African countries
description The West African countries have been identified with inadequate capital for investment, being one of the poorest sub-regions in the world. This study employed panel data from 1980 to 2013 to examine the impact of foreign capital inflows on the economic growth in the selected West African countries using Two Gap Theory. The objective of this study is to examine the nature of relationship between foreign capital inflows and the level of economic growth selected West African Countries and to observe the causality between foreign capital inflows components and economic growth. The study adopts Pedroni cointegration and granger causality test. The result shows the existence of long run relationship between foreign capital inflows and economics growth in selected West African country. All the variables were positive but only foreign direct investment is significant. Net migrant remittance, foreign direct investment and official development assistance cause growth in the short run. The study recommends policies to encourage capital inflows via macroeconomic management, a flexible exchange rate, financial sector supervision, large reserves and diversification of domestic economies.
format Thesis
author Oluwaseyi, Musibau Hammed
author_facet Oluwaseyi, Musibau Hammed
author_sort Oluwaseyi, Musibau Hammed
title The impact of foreign capital inflows on economic growth in selected West African countries
title_short The impact of foreign capital inflows on economic growth in selected West African countries
title_full The impact of foreign capital inflows on economic growth in selected West African countries
title_fullStr The impact of foreign capital inflows on economic growth in selected West African countries
title_full_unstemmed The impact of foreign capital inflows on economic growth in selected West African countries
title_sort impact of foreign capital inflows on economic growth in selected west african countries
publishDate 2016
url http://etd.uum.edu.my/6089/
_version_ 1698699499147362304
score 13.211869

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