Browsing by Author "Olufunke, Oyeleye"
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Item Effect of Capital Flight on Gross National Savings(Department of Accounting, Adamawa State University, 2016) Abdullahi, Ibrahim Bello; Ahmed, Tobi Adekunle; Olufunke, Oyeleye; Olugbenga, AdetolaCapital flight has been one of the perturbing, unresolved and persistent macroeconomic problems plaguing for the past four decades. The problem is more acute in a country like Nigeria where gross national savings have been severely affected. The aim of this study is to investigate the effect of capital flight on gross national savings in Nigeria from 1985 to 2014. In analyzing the impact of capital flight on gross national savings in Nigeria using time series data obtained from CBN statistical bulletin (2014) and international monetary fund, Ordinary Least Square (OLS), units root test, Johansen Co-integration Test and Vector Error Correction Model (VECM) were used to analyse the data. Essentially, the result indicates that capital flight has negative and significant impact on gross national savings in Nigeria.