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On the front burner of developing countries' economic policy is the pursuit of economic growth and development. This however has been hindered by inadequate resources needed to drive the process of growth and development. One of the key components fronting the movement in support of economic globalization and integration is capital flows considering its complementarity effect in bridging the gap between domestic savings and investment. This study therefore examines the impact of capital flowsdoi:10.5281/zenodo.3472641 fatcat:wjl5ysixu5d35c2y6tydkp5lge