Conference Proceedings

Third International Conference on Advances In Economics, Social Science and Human Behaviour Study - ESSHBS 2015

The Impact of Foreign Direct Investment on Nigeria Economic Growth (1970-2014)

Author(s) : ABUBAKAR A. KUMO

Abstract

This paper estimates the impact of FDI on Nigeria economic growth using time series data during the period 1970- 2014.The results show that FDI exerts a positive impact on Nigeria economy during the period under review affirming the a priori economic expectation of a positive correlation existing between FDI and growth. Also, most of the variables entered are found to be statistically significant and it is suggested that favourable exchange rate regime and contractionary monetary policy be implemented and sustained so as to attract FDI.

Conference Title : Third International Conference on Advances In Economics, Social Science and Human Behaviour Study - ESSHBS 2015
Conference Date(s) : 28-29 December, 2015
Place : Hotel Lebua at State Tower, Bangkok, Thailand
No fo Author(s) : 1
DOI : 10.15224/978-1-63248-085-9-74
Page(s) : 60 - 63
Electronic ISBN : 978-1-63248-085-9
Views : 593   |   Download(s) : 113