Capital Flight and the Growth of Nigerian Economy: An Auto-regressive Distributed Lag (ARDL) Modelling
- Nigeria International Institute of Academic Research and Development (IIARD) 2018
- 15p.
- IIARD International Journal of Economics and Business Management Vol. 4 No. 2 2018 .
This paper, published by International Institute of Academic Research and Development investigates the impact of capital flight on the growth of Nigerian economy. The study reveals that there is a long run negative relationship between Gross Domestic Product and all the capital flight variables. The paper recommends a favourable economic policy to take care of inflation, poor and inadequate infrastructural facilities high rate of taxation, poor treatment of domestic capital and helpless domestic market situations, among others so as to discourage capital flight from the Nigerian economy.
