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PRIVATE CAPITAL FLOWS AND MACROECONOMIC PERFORMANCE: GROWTH IMPLICATIONS OF SHOCKS FOR SUB-SAHARAN AFRICAN ECONOMIES
In theory, private capital flows (PCF) strengthen domestic investment for economic growth. In sub-Saharan African (SSA) economies, Foreign Direct Investment per Capita (FDIC), Portfolio Investment per Capita (PIC) and Bank Lending per Capita (BLC) components of PCF grew inversely to Gross Domestic P...
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2014-12
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