-
An Assessment Of The Impact Of Foreign Direct Investment On Nigerian Ecconmic Growth (1990-2011)
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
-
-
1.3 RESEARCH QUESTIONS
The following research questions have been designed as a guild to elicit reliable information for this study. They are:
ï¶ To which extent will the Nigerian economy depend on the foreign capital inflow?
ï¶ How friendly is Nigeria’s trade policy and environment to FDI?
ï¶ How have the Nigerian industries been stimulated by foreign technology?
ï¶ Does intellectual poverty production increase the attractiveness of FDI?
ï¶ To which extent has the FDIs in Nigerian led to the diversification of Nigerian economy?
ï¶ Has the rate and volume of FDI into Nigeria increased the consumption expenditure of its citizenry?
1.4 OBJECTIVE OF THE STUDY
The objective of the study includes:
i. To determine the magnitude of the impact of FDI on economic growth in Nigeria.
ii. To find out whether or not FDI has a significant impact on the growth of Nigeria economy.
iii.
To examine the appropriateness and suitability of the nature and
quality of foreign technology transfer on Nigeria economy.
1.5 RESEARCH HYPOTHESIS
The following hypothesis have been formulated to determine the validity and reliability of the study.
1. Null Hypothesis (Ho): There is no relationship between the volumes of FDI inflows and the growth of the Nigerian economy.
Alternative
Hypothesis (H1): There is a relationship between the volume of Foreign
Direct Investment inflows and the growth of the Nigerian economy.
1.6 SIGNIFICANCE OF THE STUDY
Technological
adoption by any country is a function of local technological
capabilities which in turn are largely determined by the quality and
volume of Research and Development being sponsored by foreign or parent
companies. Thus, FDI appears to substitute local innovation as the
technology recipient firms in the n host country becomes mere in the
global chain of affiliates subject to central decision making.
Therefore, this study is designed to assist the policy maker in
determining the technology transfer through FDI into Nigeria. Also, the
global economic circumstances permit that national economics should be
integrated into global economic network and this is only possible
through effective capital transfers appraised and monitored through
research of this nature.
There is also need to meet challenges post
by foreign product domination of internal market and this is supported
by research work such as this study. The study can also be relevant in
universities and research centers in Nigeria libraries, National Bureau
of Statistic and investors will find this study highly useful.
1.7 SCOPE OF THE STUDY
The
study is restricted within the confines of the impact of Foreign Direct
Investment in the growth of Nigeria economy. The time frame covered by
the study is between 1990-2011. The topic is chosen because of the
importance of FDI in the growth of the Nigerian economy since
independence.
1.8 LIMITATION OF THE STUDY
In the course of this
study, many problems were encountered and most of them centered on time,
finance, dearth of data and poor attitude of respondents. The impact of
time constraints were enormous because of the nature of programme.
Financing of a project of this nature is always costly and this has been
a major constraints because cost of sourcing materials, assemblage of
data obtained, collected and printing constitute large chuck of fund.
Also, dearth of data and poor attitude of respondents affected the early
completion of the study many business organization in Nigeria do not
make public their data bank for
reach studies and this affects the
quality of the information generated from either National Bureau of
Statistics (NBS) and those released by their personal.
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
-
ABSRACT - [ Total Page(s): 1 ]This study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 1990-2011. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables. The explanatory power of the mo ... Continue reading---
