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At a conceptual level, opening of capital markets entails a number of benefits and costs. One major cost of financial openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we empirically examine the impact of capital market...
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is particularly difficult, if Nigeria should rely solely on domestic resources, given the low rate of savings and the … economy. This study examines the impact of capital account liberalization on economic growth in Nigeria. The period of study … liberalization had positive and significant impact on economic growth in Nigeria, therefore, the removal of restrictions from …
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