| Title |
The influence of foreign direct investment for Nigeria economic growth / |
| Translation of Title |
Tiesioginių užsienio investicijų poveikis Nigerijos ekonominiam augimui. |
| Authors |
Idowu, Benjamin Opeyemi |
| Full Text |
|
| Pages |
80 |
| Keywords [eng] |
foreign direct investment ; economic growth ; multiple linear regressions ; Nigeria |
| Abstract [eng] |
Many countries attempt to attract FDI as a result of the benefit attached to it as a mechanism of economic growth and development. Nigeria merged with the rest of the world in attempting to seek FDI so as to augment local resources of the economy and improve economic growth and development as proofed by the type of leadership policies intervention into the development of the economy. The aim of the study is to assess the impact of FDI on the economy with a view to highlighting the challenges to the flow of FDI and a resultant effect of increased flow of FDI in Nigeria. The broad objective of the study is to assess the performance of FDI in Nigeria. Methodology adopted comprises graphical representation and regression analysis. Graphical analysis is used to show the FDI inflow into the economy and into major sectors of the economy. The data adopted in this study covered a period of 1995-2013 adopting annual data from Central Bank of Nigeria statistical bulletin. Multiple linear regression method was adopted with the help of SPSS analysis to analyze the data and to find out the relationship that exists between FDI and economic growth in Nigeria. Other variables were considered such as real GDP, inflation rate, import level, export level and exchange rate. The value of F-statistics (2.795) and the co-efficient of determination R2 of (0.518) indicated that the model was well specified and that the explanatory variables are adequate in explaining FDI inflow to Nigeria. |
| Dissertation Institution |
Kauno technologijos universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2016 |
