ABSTRACT
Foreign Direct Investmemt has been widely described as an indispensible vihicle of economic growth, Variuos reseachers have tried to advocate foreign direct investment as a tool for employment generation, transfer of technological skills, manpower development and increased foreign dexchange earnings.
This study was carried out to determine the impact of FDI on economic growth in Nigeria. The study made use of the ordinary least square (OLS) method of estimation in determinig the impact of FDI amid other variables on economic growth from the period of 1980 – 2010. This study further reveals that inflation rate have a negative influence on economic growth. Recommandation based on the findings made are geared towards a restructuring and redirecting of foreign direct investment if successfully put in place would yeild great benefits to economic growth in Nigeria.
TABLE OF CONTENTS
Title page - - - - - - - - - i
Approval page - - - - - - - - ii
Dedication - - - - - - - - - iii
Acknowledgment - - - - - - - iv
Abstract - - - - - - - - - - vi
Table of contents - - - - - - - - vii
1.1 Background of the study - - - - - - -1
1.2 Statement of the problem - - - - - - -3
1.3 Objective of the study - - - - - - - -4
1.4 Research Hypothesis - - - - - - - -4
1.5 Scope of the study - - - - - - - -4
1.6 Significance of the study - - - - - - -5
2.1 Theoretical literature - - - - - - - -6
2.1.1 Foreign Direct Investment and the Nigerian economy - - -8
2.1.2 Trends of foreign direct investment - - - - - - 11
2.1.3 The foreign direct investment growth relation in Nigeria - - - 24
2.1.4 Impact of foreign direct investment on national economic growth -28
2.1.5 Negative effects of foreign direct investment - - - -34
2.1.6 Challenges of foreign direct investment in the Nigerian economy -40
2.1.7 Government policies on foreign direct investment - - - -44
2.2 Empirical Literature - - - - - - - -46
2.3 Limitations of previous study - - - - - - -53
3.1 Introduction - - - - - - - - - - 54
3.2 Model specification - - - - - - - -56
3.2.1 Method of evaluation - - - - - - - -56
3.3 Justification of the model - - - - - - -57
3.4 Data source and method of collection - - - - - -58
4.1 Presentation of result
4.2 Interpretation of result
4.2.1 Analysis of regression coefficient
4.2.2 Statistical evaluation of results
4.2.3 Econometric test (second order test)
4.3 Hypothesis testing
5.1 Summary of findings
5.2 Recommendations
5.3 conclusions
