{"id":"https://openalex.org/W4403767771","doi":"https://doi.org/10.1142/s1793993324500248","title":"Heterogeneous Influence of Capital Flight and Economic Policy Uncertainty on Domestic Investment in Nigeria: New Evidence from Quantile Nonlinear ARDL","display_name":"Heterogeneous Influence of Capital Flight and Economic Policy Uncertainty on Domestic Investment in Nigeria: New Evidence from Quantile Nonlinear ARDL","publication_year":2024,"publication_date":"2024-10-01","ids":{"openalex":"https://openalex.org/W4403767771","doi":"https://doi.org/10.1142/s1793993324500248"},"language":"en","primary_location":{"id":"doi:10.1142/s1793993324500248","doi":"https://doi.org/10.1142/s1793993324500248","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s1793993324500248","pdf_url":null,"source":{"id":"https://openalex.org/S49164534","display_name":"Journal of International Commerce Economics and Policy","issn_l":"1793-9933","issn":["1793-9933","1793-9941"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Commerce, Economics and Policy","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052738117","display_name":"Joseph Chukwudi Odionye","orcid":"https://orcid.org/0000-0001-7272-5965","observed_orcids":["https://orcid.org/0000-0001-7272-5965"]},"institutions":[{"id":"https://openalex.org/I100352790","display_name":"Abia State University","ror":"https://ror.org/03a39z514","country_code":"NG","type":"education","lineage":["https://openalex.org/I100352790"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Joseph Chukwudi Odionye","raw_affiliation_strings":["Department of Economics, Abia State University, Uturu, Nigeria"],"raw_orcid":"https://orcid.org/0000-0001-7272-5965","affiliations":[{"raw_affiliation_string":"Department of Economics, Abia State University, Uturu, Nigeria","institution_ids":["https://openalex.org/I100352790"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038053449","display_name":"Innocent Uchechukwu Duru","orcid":"https://orcid.org/0000-0001-8958-0686","observed_orcids":["https://orcid.org/0000-0001-8958-0686"]},"institutions":[{"id":"https://openalex.org/I3133127056","display_name":"Rhema University","ror":"https://ror.org/027rrs715","country_code":"NG","type":"education","lineage":["https://openalex.org/I3133127056"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Innocent Uchechukwu Duru","raw_affiliation_strings":["Department of Economics, Rhema University Nigeria, Aba, Abia State, Nigeria"],"raw_orcid":"https://orcid.org/0000-0001-8958-0686","affiliations":[{"raw_affiliation_string":"Department of Economics, Rhema University Nigeria, Aba, Abia State, Nigeria","institution_ids":["https://openalex.org/I3133127056"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058540065","display_name":"Innocent Chile Nzeh","orcid":"https://orcid.org/0000-0002-3131-9036","observed_orcids":["https://orcid.org/0000-0002-3131-9036"]},"institutions":[{"id":"https://openalex.org/I4405256953","display_name":"University of Agriculture and Environmental Sciences, Umuagwo","ror":"https://ror.org/04qagr784","country_code":"NG","type":"education","lineage":["https://openalex.org/I4405256953"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Innocent Chile Nzeh","raw_affiliation_strings":["Department of Cooperative and Rural Development, University of Agriculture and Environmental Sciences, Umuagwo, Imo State, Nigeria"],"raw_orcid":"https://orcid.org/0000-0002-3131-9036","affiliations":[{"raw_affiliation_string":"Department of Cooperative and Rural Development, University of Agriculture and Environmental Sciences, Umuagwo, Imo State, Nigeria","institution_ids":["https://openalex.org/I4405256953"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5093793730","display_name":"Ndubuisi Eme Uguru","orcid":"https://orcid.org/0009-0007-2224-4435","observed_orcids":["https://orcid.org/0009-0007-2224-4435"]},"institutions":[{"id":"https://openalex.org/I100352790","display_name":"Abia State University","ror":"https://ror.org/03a39z514","country_code":"NG","type":"education","lineage":["https://openalex.org/I100352790"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Ndubuisi Eme Uguru","raw_affiliation_strings":["Department of Economics, Abia State University, Uturu"],"raw_orcid":"https://orcid.org/0009-0007-2224-4435","affiliations":[{"raw_affiliation_string":"Department of Economics, Abia State University, Uturu","institution_ids":["https://openalex.org/I100352790"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044960044","display_name":"Kelechi Promise Uzoma","orcid":"https://orcid.org/0000-0002-0304-4100","observed_orcids":["https://orcid.org/0000-0002-0304-4100"]},"institutions":[{"id":"https://openalex.org/I3133127056","display_name":"Rhema University","ror":"https://ror.org/027rrs715","country_code":"NG","type":"education","lineage":["https://openalex.org/I3133127056"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Kelechi Promise Uzoma","raw_affiliation_strings":["Department of Economics, Rhema University Nigeria, Aba, Abia State, Nigeria"],"raw_orcid":"https://orcid.org/0000-0002-0304-4100","affiliations":[{"raw_affiliation_string":"Department of Economics, Rhema University Nigeria, Aba, Abia State, Nigeria","institution_ids":["https://openalex.org/I3133127056"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3308,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.91939891,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":91,"max":99},"biblio":{"volume":"15","issue":"03","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9009000062942505,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9009000062942505,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.04390000179409981,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.026200000196695328,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-flight","display_name":"capital flight","score":1.0},{"id":"https://openalex.org/keywords/economic-policy-uncertainty","display_name":"economic policy uncertainty","score":0.9990000128746033},{"id":"https://openalex.org/keywords/domestic-investment","display_name":"domestic investment","score":0.9869999885559082},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.6389999985694885},{"id":"https://openalex.org/keywords/asymmetric-effects","display_name":"asymmetric effects","score":0.8410000205039978},{"id":"https://openalex.org/keywords/causality","display_name":"causality","score":0.527999997138977},{"id":"https://openalex.org/keywords/business-environment","display_name":"business environment","score":0.7049999833106995},{"id":"https://openalex.org/keywords/investor-confidence","display_name":"investor confidence","score":0.5879999995231628}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6888223886489868},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6309603452682495},{"id":"https://openalex.org/C118671147","wikidata":"https://www.wikidata.org/wiki/Q578714","display_name":"Quantile","level":2,"score":0.5658688545227051},{"id":"https://openalex.org/C2777657794","wikidata":"https://www.wikidata.org/wiki/Q3656849","display_name":"Capital flight","level":3,"score":0.5033058524131775},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.494290828704834},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4524794816970825},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.3933303952217102},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3790081739425659},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.24119046330451965},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.21292486786842346},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07146221399307251},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1142/s1793993324500248","doi":"https://doi.org/10.1142/s1793993324500248","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s1793993324500248","pdf_url":null,"source":{"id":"https://openalex.org/S49164534","display_name":"Journal of International Commerce Economics and Policy","issn_l":"1793-9933","issn":["1793-9933","1793-9941"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Commerce, Economics and Policy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:wsi:jicepx:v:15:y:2024:i:03:n:s1793993324500248","doi":null,"is_oa":false,"landing_page_url":"http://www.worldscientific.com/doi/abs/10.1142/S1793993324500248","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.833299994468689,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":59,"referenced_works":["https://openalex.org/W122059025","https://openalex.org/W566586761","https://openalex.org/W623787035","https://openalex.org/W1507259579","https://openalex.org/W1939526929","https://openalex.org/W1992616081","https://openalex.org/W2059384635","https://openalex.org/W2065560699","https://openalex.org/W2075076882","https://openalex.org/W2086652341","https://openalex.org/W2098871822","https://openalex.org/W2103677196","https://openalex.org/W2112352537","https://openalex.org/W2120738540","https://openalex.org/W2121853943","https://openalex.org/W2135603423","https://openalex.org/W2139931028","https://openalex.org/W2149194065","https://openalex.org/W2267971999","https://openalex.org/W2730923584","https://openalex.org/W2793666949","https://openalex.org/W2895392519","https://openalex.org/W2899564791","https://openalex.org/W2990160861","https://openalex.org/W3003882329","https://openalex.org/W3011865677","https://openalex.org/W3022825333","https://openalex.org/W3099954358","https://openalex.org/W3109482897","https://openalex.org/W3119065395","https://openalex.org/W3124179975","https://openalex.org/W3124236867","https://openalex.org/W3125380794","https://openalex.org/W3126081245","https://openalex.org/W3177190571","https://openalex.org/W4207028450","https://openalex.org/W4234876076","https://openalex.org/W4241582024","https://openalex.org/W4241653265","https://openalex.org/W4241946070","https://openalex.org/W4251244897","https://openalex.org/W4253907042","https://openalex.org/W4282941859","https://openalex.org/W4289745367","https://openalex.org/W4296034535","https://openalex.org/W4297458451","https://openalex.org/W4309173302","https://openalex.org/W4313302687","https://openalex.org/W4318826356","https://openalex.org/W4323358459","https://openalex.org/W4366778473","https://openalex.org/W4366989593","https://openalex.org/W4383908339","https://openalex.org/W4383959822","https://openalex.org/W4390614902","https://openalex.org/W4390664208","https://openalex.org/W4392524185","https://openalex.org/W4396498183","https://openalex.org/W4396670149"],"related_works":["https://openalex.org/W4409621275","https://openalex.org/W2990160861","https://openalex.org/W4243865377","https://openalex.org/W3157266663","https://openalex.org/W7111651789","https://openalex.org/W4406536364","https://openalex.org/W4413856660","https://openalex.org/W2087943450","https://openalex.org/W7038534095","https://openalex.org/W4378231555"],"abstract_inverted_index":{"This":[0],"study":[1,20,86,137],"explores":[2],"the":[3,22,35,38,65,85,95,122,136,155,162,184],"heterogeneous":[4],"influence":[5,41,144],"of":[6,42,98,128,142,145,165],"capital":[7,43,57,99,115],"flight":[8,44,58,100,116],"and":[9,37,45,74,90,112,125],"economic":[10],"policy":[11,92,119,181],"uncertainty":[12,93,120],"(EPU)":[13],"on":[14,47,101,147,171],"domestic":[15,48,60,89,102,148,172],"investment":[16,61,133,173],"in":[17,64],"Nigeria.":[18],"The":[19,50,158,180],"utilizes":[21],"novel":[23],"quantile-based":[24],"nonlinear":[25],"autoregressive":[26],"distributed":[27],"lag":[28],"(QNARDL)":[29],"estimation":[30],"procedure":[31],"to":[32,114,177],"estimate":[33],"both":[34],"sign-based":[36],"size-based":[39],"asymmetric":[40],"EPU":[46,73,110,146,166],"investment.":[49,83,103],"investigation\u2019s":[51],"outcomes":[52],"are":[53],"as":[54],"follows:":[55],"First,":[56],"influences":[59],"negatively,":[62],"predominantly":[63],"upper":[66,156],"quantiles.":[67],"Second,":[68],"it":[69],"demonstrates":[70],"that":[71,88,118,161],"country-specific":[72],"its":[75,178],"global-based":[76],"variant":[77],"significantly":[78],"negatively":[79],"affect":[80],"a":[81,105],"country\u2019s":[82],"Third,":[84],"finds":[87],"world":[91],"aggravates":[94],"suppressing":[96],"effect":[97,164],"Fourth,":[104],"robust":[106],"unidirectional":[107],"causality":[108],"from":[109,183],"(indigenous":[111],"world)":[113],"implies":[117],"enervates":[121],"business":[123],"climate":[124],"creates":[126],"fear":[127],"losses":[129],"among":[130],"investors,":[131],"affecting":[132],"negatively.":[134],"Fifth,":[135],"indicates":[138],"an":[139],"increasing":[140],"rate":[141],"devastating":[143,163],"investment,":[149],"with":[150],"more":[151],"pernicious":[152],"effects":[153],"at":[154],"quantile.":[157],"implication":[159],"is":[160,174],"(whether":[167],"country-based":[168],"or":[169],"world-based)":[170],"highly":[175],"sensitive":[176],"size.":[179],"recommendations":[182],"main":[185],"discoveries":[186],"have":[187],"been":[188],"suggested.":[189]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":11}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2024-10-26T00:00:00"}