-
Statistical Analysis Of The Impact Of Foreign Direct Investment (fdi) On Nigeria’s Economic Growth (1980 – 2012)
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
-
1.1 Statement of the Problem
One
of the major economic problems in less developed countries (LCD) is low
capital formation to finance the necessary investments for economic
growth and as such there is need to analyze the impact of FDI on
economic growth in Nigeria.
Although there have been a good number of
studies on foreign direct investment and economic growth in Nigeria but
the existing empirical evidence on their long-run relationship has been
inconclusive and as such there is no consensus among researchers in
relation to the period under review, it is against this backdrop that
this project work is being proposed.
The research questions under consideration are:
What is the significant impact of FDI on Nigeria’s economic growth?
What are the measure that could facilitate the steady inflow of FDI into the Nigeria economy?
What is the long-term relationship between FDI and economic growth in Nigeria?
1.2 RESEARCH METHODOLOGY
The statistical technique that was employed in this study is regression analysis using time series data from 1980 – 2013.
1.3 OBJECTIVES OF THE STUDY
The
general objective of this work is to assess the impact of foreign
direct investment (FDI) on the economic growth of Nigeria. Other
specific objectives are:
To ascertain the impact of FDI on oil and gas sector of Nigeria economy.
To determine the impact of FDI on balance of payment and exchange rate in the Nigeria economy.
To suggest measures for facilitating the steady inflow of FDI into Nigerian economy.
1.4 SIGNIFICANCE OF THE STUDY
The
research work will be a source of information to policy makers; will
broaden the knowledge of researchers as well as contribute to the
existing literature on the subject matter by providing an expository
analysis of the pattern of FDI in Nigeria economy. This will enhance
policy formulation and also address some of our economic challenges in
general. It will also be an invaluable tool for students, academics,
institutions and individuals that want to know more about the
relationship between foreign direct investment and economic growth.
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
ABSRACT - [ Total Page(s): 1 ]This research examined the impact of foreign direct investment (FDI) on the growth of Nigeria economy. According to (UNCTAD 2012) Nigeria received a net inflow of US$85.73. Unlike other studies this research extended the period of investigation to 2013 given that the Nigeria economic environment under investigation most likely has changed over the years.The research employed ordinary least square (OLS) regression technique to analyze the time series data from 1980 – 2013, GDP and CPNG whe ... Continue reading---
