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Economic theory argues that foreign direct investment (FDI) and external debt are expected to enhance economic growth in any given economy. Consequently, this study (i) investigated the relationship between foreign direct investment, external debt servicing, and economic growth in Nigeria; (ii)...
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growth of African countries in the long-run. The study also found that inflows of FDI crowds-in DI in Africa and that there … Africa has negative effects on growth of host economies in the short-run. The study recommends that African governments …
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