Impact of Foreign Direct Investment Inflows on Economic Growth in Nigeria
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[1] Banco Central de Nigeria
Banco Central de Nigeria
Nigeria
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- Localización: Global Economic Interconnectedness: International Trade and Finance / coord. por Javier Martínez Falcó, Eduardo Sánchez García, Bartolomé Marco Lajara, Rosana Fuentes Fernández, 2024, ISBN 979-8-3693-5305-9, págs. 181-196
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
This study examines the effect of foreign direct investment (FDI) inflows on economic growth in Nigeria from 2010 to 2019. Using the ordinary least square regression methodology, the findings reveal that foreign direct investment inflows do not have a significant effect on economic growth in Nigeria. The result holds when different measures of economic growth and different measures of foreign direct investment inflows are employed. Meanwhile, population size, real interest rate, domestic pri- vate credit and the inflation rate are significant determinants of economic growth in Nigeria while gross capital formation is an insignificant determinant of economic growth in Nigeria. The implication of the findings is that policy makers in Nigeria should focus on other drivers of economic growth other than foreign direct investment inflows when developing policy initiatives to stimulate economic growth in Nigeria.
