Fighting capital flight in Nigeria: have we considered global uncertainties and exchange rate volatilities? Fresh insights via quantile ARDL model
نویسندگان
چکیده
This study aims to fill the observed gap in literature related capital flight and its determinants. Following this observation, main objective of current effort is unravel potential influence global economic policy uncertainties exchange rate deviations on flight. Annual time series data between 1970 2015 were used for empirical investigations through application newly introduced quantile autoregressive distributed lag model. extensive investigation, following evidence emerged. A long-run relationship exists uncertainties, volatilities, Nigeria. Second, we discover that effects volatility uncertainty are sensitive different quantiles distributions. Third, shows strong hysteresis all quantiles. makes a systemic problem as past induces more In addition, found distributional asymmetric values growth GDP, rather than major determinants Nigeria terms their significant positive long-term impacts Therefore, if fight against migration must be won other countries facing similar challenges, stabilization rate, among things paramount. due presence effects, one-size-fits may not helpful. The overall findings have implications
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ژورنال
عنوان ژورنال: SN Business & Economics
سال: 2021
ISSN: ['2662-9399']
DOI: https://doi.org/10.1007/s43546-021-00082-5