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Evidences have over the years shown that despite significant increase in the flow of foreign direct investment to developing countries, Sub-Saharan Africa countries have continued to be at disadvantage in terms of proportion of flow into the region. Despite SSA’s continuous efforts to flow along with the increasingly demanding dictates of the global economy, foreign investment have refused to flow in freely. The paper attempts to estimate the relationship between the behaviour of exchange rate, as one of the most important anchor of recent global economic process, and foreign direct investment (FDI) with respect to Nigeria. Our results confirm the controversy in the literature about the extent and direction of effects of volatility. It also found that parallel market exchange rate is an important driver of real economic process in Nigeria.
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Stored only when both papers are in the corpus — 17 citations exist upstream.
Papers that cite the same references — the relational fallback while embeddings are still backfilling.
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