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Foreign Direct Investment and Nigeria Economy Growth

Author

Listed:
  • Rasheed Abolaji FOLARIN

    (Ministry of Transportation)

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.

Suggested Citation

  • Rasheed Abolaji FOLARIN, 2021. "Foreign Direct Investment and Nigeria Economy Growth," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(4), pages 608-615, October.
    • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:4:p:608-615
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    File URL: https://www.rmci.ase.ro/no22vol4/16.pdf
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    References listed on IDEAS

    as
    1. ., 2020. "Foreign Direct Investment," Chapters, in: Introduction to International Business Transactions, chapter 7, pages 507-600, Edward Elgar Publishing.
    2. Akinlo, A. Enisan, 2004. "Foreign direct investment and growth in Nigeria: An empirical investigation," Journal of Policy Modeling, Elsevier, vol. 26(5), pages 627-639, July.
    3. ., 2020. "Foreign direct investment and transnational corporations," Chapters, in: Evolutionary Spatial Economics, chapter 22, pages 462-496, Edward Elgar Publishing.
    4. Nihal Bayraktar, 2013. "Foreign Direct investment and Investment Climate," EcoMod2013 5294, EcoMod.
    5. Mico Apostolov, 2016. "Effects of foreign direct investments. Evidence from Southeast Europe," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 39(110), pages 99-111, Mayo.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Scalamonti, Francesco, 2024. "The foreign investments-growth nexus in underdeveloped countries: the state-of-art of research analysing a selected and recent empirical literature (2020-2022)," Technological Forecasting and Social Change, Elsevier, vol. 198(C).

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    More about this item

    Keywords

    Foreign direct investment; Economic growth; Gross domestic product; Technology innovation; Export.;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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