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 S. Osabuohien is a Professor of Economics and the Head, Department of Economics & Development Studies, Covenant University, Ota, Nigeria. He was appointed HOD in 2016, emerging as the Youngest HOD in the University. He holds B.Sc, M.Sc and Ph.D (Economics) and started lecturing and researching career in 2004. He received Double Promotion to the Rank of a Full Professor of Economics in... view full profile
Osabuohien Evans
 
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