EFFECT OF SECTORAL FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NIGERIA

  • Type: Project
  • Department: Economics
  • Project ID: ECO0981
  • Access Fee: ₦5,000 ($14)
  • Pages: 83 Pages
  • Format: Microsoft Word
  • Views: 165
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ABSTRACT

The purposeofthisstudyistoexaminetheeffectofsectoralForeignDirectInvestment oneconomicgrowthinNigeriamakinguseoftimeseriesdatafortheperiod1981-2018. An Auto-regressive Distributed Lag (ARDL) technique (with emphasis on short run estimates)isusedtoexaminetherelationshipforseriesthatareI(0)andI(1).Thestudy considers  fivFDI  sectors  which include:  Telecommunicatioinfrastructures,  oil, Agriculture,Manufacturing,Services  andotherinfrastructuressectorsasitsvariables representingsectoralforeigndirectinvestmentwhileGrossDomesticProduct(GDP)is employedasaproxyforeconomicgrowth.

ThestudyobservesnolongrunrelationshipbetweensectoralFDIandeconomicgrowth. Hence,shortrunestimationwithoutaccountingforadjustmentmechanismisestimated. The results shows that telecommunication infrastructures FDI, Services FDI and other infrastructuresFDIaresignificantto economigrowth.  However,only Telecommunication infrastructures FDI spurs economic growth while Services FDI and otherinfrastructuresFDIdrageconomicgrowthinNigeria.

Conclusively,thisstudyrecommendsthatgovernmentshouldensurestable macroeconomicpoliciesasastabilizationtooltoprompttheattractionofmoreFDIinto Nigeriaanddependencyonforeigndirectinvestmentshouldremainlimited.

EFFECT OF SECTORAL FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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  • Type: Project
  • Department: Economics
  • Project ID: ECO0981
  • Access Fee: ₦5,000 ($14)
  • Pages: 83 Pages
  • Format: Microsoft Word
  • Views: 165
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    Details

    Type Project
    Department Economics
    Project ID ECO0981
    Fee ₦5,000 ($14)
    No of Pages 83 Pages
    Format Microsoft Word

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