European and US capital markets: Which econometric approach is the best fit?

The Impact of Monetary Policy on Foreign Direct Investment in Nigeria: An Empirical Analysis (1990–2023)

This study examines the relationship between monetary policy variables and Foreign Direct Investment (FDI) inflows in Nigeria over 1990–2023 (34 annual observations). Unit-root tests (including the Zivot-Andrews test, which allows for an unknown structural break) confirm that FDI, the exchange rate, money supply, and G...

CAPITAL MARKET AND FOREIGN SECTOR FINANCIAL INDICATORS: A FINANCIAL ACCOUNTABILITY AND EDUCATION APPROACH

This study examines the relationship between capital market operations and external sector performance in Nigeria for the period 1990–2024. Using annual time-series data from the Central Bank of Nigeria Statistical Bulletin, the paper applies a quasi-experimental design and an Autoregressive Distributed Lag (ARDL) mode...

Financial Development and Economic Growth in India: Long-Run Dynamics and Policy Implications for Viksit Bharat 2047

This study examines the relationship between financial development and real economic growth in India in the context of the Viksit Bharat 2047 vision. Quarterly secondary data covering April 2011 to March 2025 (56 observations) are used to evaluate Real GDP alongside three channels of financial development: Non-Food Ban...

Modelling the Volatility Dynamics of WTI Crude Oil and the US Dollar Index Using GARCH(1,1) Model

 The period from 2020 to 2026 was characterized by significant economic and geopolitical events, making it a crucial period to analyze the volatility dynamics across asset classes. Crude oil and currency market volatility have been extensively analyzed in isolation but there are only few empirical studies that have com...

Foreign Direct Investment Flows and Economic Growth: An Autoregressive Distributed Lag Analysis (ARDL) for Chile, 1960-2020

This paper utilizes the recent ARDL modelling technique to test whether foreign capital complements or substitutes for private capital and economic output (labor productivity) in the Chilean economy for the 1960-2020 period. That is, it evaluates whether the so-called “complementarity hypothesis” is refuted in the Chil...

Financial Development and Economic Growth in India: Long-Run Dynamics and Policy Implications for Viksit Bharat 2047