FOREIGN PRIVATE INVESTMENT, CAPITAL FORMATION AND ECONOMIC GROWTH IN NIGERIA.

  • Type: Project
  • Department: Economics
  • Project ID: ECO0818
  • Access Fee: ₦5,000 ($14)
  • Pages: 84 Pages
  • Format: Microsoft Word
  • Views: 183
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT 

This work studies the relationship between foreign private investment, capital formation and economic growth in Nigeria. One objective is to determine how foreign private investment affects capital formation in the domestic economy and the other objective is to estimate the impact of capital formation and foreign private investment on economic growth in Nigeria. In order to achieve these objectives, we estimated the model of capital formation and economic growth for Nigeria. We found, though not surprisingly, that foreign private investment has a negative impact on capital formation in Nigeria. We also found that both foreign private investment and capital formation, in addition to other factors, significantly determine economic growth in Nigeria. The study finds the long run impact of capital formation and foreign private investment on economic growth is larger than their short-run impact. There is thus a long-run equilibrium relationship among the variables as the error correction term is significant, but the speed of adjustment is small in both models. These findings therefore have some policy implications. First policies that enhance capital formation and FPI inflow do increase economic growth. Banking systems credit to domestic economy enhances capital formation and economic growth.



TABLE OF CONTENT

Title Page - - - - - - - - - i

Approval- - - - - - - - - - ii

Dedication - - - - - - - - - - iii

Acknowledgement - - - - - - - - iv

Table of Content - - - - - - - - v

List of Tables - - - - - - - - vii

List o f Figures - - - - - - - - viii

Abstract - - - - - - - - - - ix

CHAPTER ONE

INTRODUCTION

1.1 Background of the study - - - - - - 1

1.2 Statement of the problem- - - - - - 5

1.3 Objective of the study- - - - - - - 7

1.4 Research Hypotheses- - - - - - - 8

1.5 Policy relevance - - - - - - - - 8

1.6 Scope of the study- - - - - - - 9

CHAPTER TWO

LITERATURE REVIEW

2.1 Theoretical literature- - - - - - - 10

2.2 Empirical literature- - - - - - - 16

2.3 Limitations of previous studies and motivation for further study-- - - - - - - - 30

CHAPTER THREE

METHODOLOGY

3.1 Theoretical framework- - - - - - - 33

3.2 Specification of models- - - - - - - 39

3.3 Justification of the models- - - - - - 41

3.4 Estimation procedure- - - - - - - 41

3.5 Data - - - - - - - - - - 42

3.6 Econometric software - - - - - - 42

CHAPTER FOUR

4.1 Presentation and Interpretation of Models Results - - 43

4.2 Relationship between GFCF and Other Macroeconomic Variables - - - - - - - - - 43

CHAPTER FIVE

SUMMARY, POLICY RECOMMENDATIONS AND CONCLUSION

5.1 Summary of findings - - - - - - - 52

5.2 Policy recommendations- - - - - - - 53

5.3 Conclusion- - - - - - - - - 54

References- - - - - - - - - - 55

Appendix- - - - - - - - - - 65

FOREIGN PRIVATE INVESTMENT, CAPITAL FORMATION AND ECONOMIC GROWTH IN NIGERIA.
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0818
  • Access Fee: ₦5,000 ($14)
  • Pages: 84 Pages
  • Format: Microsoft Word
  • Views: 183
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0818
    Fee ₦5,000 ($14)
    No of Pages 84 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT  This work studies the relationship between foreign private investment, capital formation and economic growth in Nigeria. One objective is to determine how foreign private investment affects capital formation in the domestic economy and the other objective is to estimate the impact of capital formation and foreign private investment on... Continue Reading
    Impact Of Foreign Private Investment On Economic Growth In Nigeria ABSTRACT One of the most important changes that have taken place in economic policies in Nigeria in the last few years was the shift to analysis of the impact of foreign private investment. It was recently, the main stream of policy making directed attention on the foreign private... Continue Reading
    The broad objective of this study is to examine the impact of foreign direct investment and domestic investment on economic growth in Nigeria for the period of 1986 to 2013. To achieve the broad objective, the following specific objectives were raised:(i) Analyse the trend of foreign direct investment, domestic investment and economic growth in... Continue Reading
    The broad objective of this study is to examine the impact of foreign direct investment and domestic investment on economic growth in Nigeria for the period of 1986 to 2013. To achieve the broad objective, the following specific objectives were raised:(i) Analyse the trend of foreign direct investment, domestic investment and economic growth in... Continue Reading
    ABSTRACT The study was carried out to determine the influence of Foreign Direct investment (FDI) and Domestic investment (DI) on the economic growth of Nigeria. The study employed Augmented Dickey-Fuller test to test for time series property of the data. Johansen co-integration was also examined and consequently error correction model was... Continue Reading
    ABSTRACT The study was carried out to determine the influence of Foreign Direct investment (FDI) and Domestic investment (DI) on the economic growth of Nigeria. The study employed Augmented Dickey-Fuller test to test for time series property of the data. Johansen co-integration was also examined and consequently error correction model was... Continue Reading
    The Impact Of Capital Formation On Economic Growth In Nigeria  ABSTRACT Capital formation is one of the major determinants of economic growth. Literature is replete with the extent to which capital formation can engineer the growth of nations. There is a conventional perception that the most pertinent obstacle to economic growth is shortage of... Continue Reading
    ABSTRACT Nomic growths were examined. The cointegration and Error Correction Methodology (ECM) were employed as the empirical strategy for estimating the relationships. Based on the analysis, the results show that human capital has a significant positive impact on RGDP both in the... Continue Reading
    Abstract According to Jhingan (1998), Foreign investment is the formation of a concern (business) in which foreign company/individuals has a majority holding. The formation of the business concern may be financed exclusively from foreign source lending to the creation of fixed assets. This... Continue Reading
    CHAPTER ONE INTRODUCTION Background of Study The economies of the developing countries has of recent been experiencing very torrid times due to low domestic investment thereby, creating shortage in production and rising inflations. Duasa and Kassim (2009) described such countries as... Continue Reading
    Call Us
    whatsappWhatsApp Us