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The impact of FDI on Nigeria’s export performance: a sectoral analysis

Author

Listed:
  • Obiora G. Okechukwu
  • Glauco De Vita
  • Yun Luo

Abstract

Purpose - The purpose of this paper is to examine the foreign direct investment (FDI)–exports relationship in Nigeria using disaggregated FDI and export data. Design/methodology/approach - This paper applies the autoregressive distributed lag cointegration approach in examining the long-run relationship between FDI and exports. Findings - The results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports. Originality/value - This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI–exports nexus in Nigeria.

Suggested Citation

  • Obiora G. Okechukwu & Glauco De Vita & Yun Luo, 2018. "The impact of FDI on Nigeria’s export performance: a sectoral analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 45(5), pages 1088-1103, October.
    • Handle: RePEc:eme:jespps:jes-11-2017-0317
    DOI: 10.1108/JES-11-2017-0317
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    Cited by:

    1. Solomon, Edna Maeyen & van Klyton, Aaron, 2020. "The impact of digital technology usage on economic growth in Africa," Utilities Policy, Elsevier, vol. 67(C).

    More about this item

    Keywords

    Nigeria; Export; FDI;
    All these keywords.

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