European Journal of Sustainable Development Research

Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework
Chukwuemeka Amaefule 1 *
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1 University of Port Harcourt, NIGERIA
* Corresponding Author
Research Article

European Journal of Sustainable Development Research, 2020 - Volume 4 Issue 4, Article No: em0130
https://doi.org/10.29333/ejosdr/8246

Published Online: 07 May 2020

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APA 6th edition
In-text citation: (Amaefule, 2020)
Reference: Amaefule, C. (2020). Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework. European Journal of Sustainable Development Research, 4(4), em0130. https://doi.org/10.29333/ejosdr/8246
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: Amaefule C. Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework. EUR J SUSTAIN DEV RE. 2020;4(4):em0130. https://doi.org/10.29333/ejosdr/8246
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: Amaefule C. Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework. EUR J SUSTAIN DEV RE. 2020;4(4), em0130. https://doi.org/10.29333/ejosdr/8246
Chicago
In-text citation: (Amaefule, 2020)
Reference: Amaefule, Chukwuemeka. "Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework". European Journal of Sustainable Development Research 2020 4 no. 4 (2020): em0130. https://doi.org/10.29333/ejosdr/8246
Harvard
In-text citation: (Amaefule, 2020)
Reference: Amaefule, C. (2020). Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework. European Journal of Sustainable Development Research, 4(4), em0130. https://doi.org/10.29333/ejosdr/8246
MLA
In-text citation: (Amaefule, 2020)
Reference: Amaefule, Chukwuemeka "Global Capital Inflows, Growth, and Trade Indicators in Ghana and Nigeria: Evidence from Asymmetric Cointegration Framework". European Journal of Sustainable Development Research, vol. 4, no. 4, 2020, em0130. https://doi.org/10.29333/ejosdr/8246
ABSTRACT
This study examined the impact of the dynamical nature of Foreign Direct Investment (FDI) inflow and Official Development Assistance (ODA) inflow on growth and trade indicators in Ghana and Nigeria. Secondary data sourced from World Development Indicators for the period covering 1970-2017 were utilized. The Nonlinear ARDL Bound F-test showed a long-run relationship between global capital inflows and growth and trade. Specifically, (i) positive (rise) FDI inflow generate a positive impact on RGDP in Ghana and negative impact on RGDP in Nigeria; negative (fall) FDI inflow leads to a positive impact on RGDP in Ghana and negative impact on RGDP in Nigeria (ii) positive ODA inflow causes a positive impact on RGDP in Ghana and Nigeria; negative ODA inflow has a negative impact on RGDP in Ghana and Nigeria (iii) positive and negative FDI (ODA) inflow has a negative impact on trade (% of GDP) in Ghana and Nigeria (iv) positive and negative FDI inflow leads to a negative impact on multilateral trade in Ghana; and positive and negative FDI inflow leads to a positive impact on multilateral trade in Nigeria; (v) positive and negative ODA inflow leads to a negative impact on multilateral trade in Ghana and Nigeria (vi) positive and negative FDI inflow leads to a negative impact on trade openness in Ghana and positive impact in Nigeria, (vii) positive and negative ODA inflow has negative and positive impact on trade openness in Ghana and negative impacts in Nigeria.
KEYWORDS
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