This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … the West African region. It also determines the marginal effects of financial development on economic growth at various … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …

The relationship between foreign direct investment (FDI) inflows and economic growth in host countries is a heavily … debated issue. Although some studies have found evidence of the positive impact of FDI on economic growth, others have …

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. -- long-run economic growth ; real …

economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7 …% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed …-friendly growth. …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … 'capital accumulation channel' and the 'total factor productivity (TFP) growth channel'. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …

This paper investigates the impacts of Naira real exchange rate misalignment on Nigeria's economic growth using … support for a negative impact of RERMIS on economic growth. In view of these findings, the study recommends the continued use … sustainable equilibrium. This would complement other government policies aimed at promoting economic growth in the country …

The paper examines the nexus between Nigeria's foreign reserves and economic growth. Analysis of the data from 2000:Q1 … external reserves to economic growth. The Gregory and Hansen cointegration test also confirms the existence of a long run … relationship between the variables, but with a structural break in 2009Q4. We find that external reserves drive economic growth in …

quantitatively demonstrate that the time-honored Balassa-Samuelson hypothesis does not generally apply to episodes of economic growth …. Though the Balassa-Samuelson hypothesis postulates that strong economic growth should, in general, be accompanied by a real … appreciation in exchange rates, this paper does not find such systematic links. This is because some growth spurts are marked by …