Foreign Direct Investment and Nigeria Economy Growth
Foreign Direct Investment and Nigeria Economy Growth
Author(s): Rasheed Abolaji FolarinSubject(s): Business Economy / Management, Economic development, ICT Information and Communications Technologies
Published by: EDITURA ASE
Keywords: Foreign direct investment; Economic growth; Gross domestic product; Technology innovation; Export;
Summary/Abstract: Foreign Direct Investment (FDI) is key to the success of world economic system and a major impetust for development, flow of capital and human resources from one country to another. This study examines the nexus between Foreign Direct Investment (FDI) and some macroeconomic variables in Nigeria during the period of 2010-2017. Ordinary Least Square (OLS) technique was used to assess the relationship. The study reveals that Foreign Direct Investment (FDI) has positive relationship with chosen economic variables namely Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF) and Export (EXP). The study recommends that government should formulate policies to attract foreign investors, create enabling environments and strengthen the institutional factors.
Journal: Revista de Management Comparat Internațional
- Issue Year: 22/2021
- Issue No: 4
- Page Range: 608-615
- Page Count: 8
- Language: English