The Nexus Among FDI ,Capital Flight and Economic Growth in Ethiopia. The Nexus of Foreign Direct Investment, Capital Flight and Economic Growth: Evidence from Ethiopia

      Аннотация: This Study is aimed to investigate the Nexus Among Foreign Direct Investment, Capital Flight and Economic Growth evidence from Ethiopia.In recent decade Ethiopia has been experiencing high inflows of foreign direct investment (FDI) and economic growth reportedly at large scale.This trends suggests that the country have shown a remarkable fastest economic growth in Africa. While such strong and broad based growth over the past decade, averaging 10.8% per year in 2003/04 - 2013/14 as compared to the Sub-Saharan Africa (SSA) countries average growth of 4.8 %; Contrary to the aforementioned positive economic achievements, Ethiopian economy is suffering from huge influx of Capital flight. Under such debatable situation the society are still under poverty Which motivates the researcher to know reason why such controversial is exist and the interrelationship of the above mentioned three macro-economic variables....Based on the data and the model applied; Surprisingly the result shows that Economic Growth had a positive long-run relationship with capital flight which is against the theories and empirical evidence......

Ключевые слова: Key words: - Capital flight, ARDL Co-integration model or Bounds Test, Error Correction (ECM) model.