Empirical analysis of the effects of foreign direct investment inflows on Nigerian real economic growth
Implications for sustainable development goal-17
Dados Bibliográficos
| ID | 22110412 |
|---|---|
| Autores | Babatunde A Giwa (Covenant University), Emmanuel George (Olabisi Onabanjo University), Emmanuel O George (Olabisi Onabanjo University), Henry Okodua (0000-0002-9609-2530, Covenant University), Oluwasogo Adediran (0000-0002-8598-8630, Covenant University, autor correspondente) |
| Editores | Emmanuel O Amoo (0000-0001-5568-2115, Covenant University) |
| Ano | 2020 |
| Volume | 6 |
| Fascículo | 1 |
| Data de publicação | 2020-01-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Cogent Social Sciences (JOURNAL) |
| Identificadores do periódico | ISSN: 2331-1886 • E-ISSN: 2331-1886 |
| Editora | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/23311886.2020.1727621 |
| OpenAlex | W3008738538 |
| Idioma | EN |
| Citações recebidas | 2 |
| Referências citadas | 27 |
Existing literature in modern macroeconomics is saturated with various studies on both the short and long run link between foreign direct investment (FDI) and economic growth in Nigeria, and other emerging market economies. However, there are areas of knowledge gap on the part of the effects of industrial linkage on FDI inflows to the Nigerian economy. As a result of this knowledge gap and growing concern for commitments to investment promotion and sustainable industrial development in the country, it is imperative at this time to assess the effects of FDI on Nigeria’s real sector growth. Consequently, this study set out to empirically examine the effect of FDI inflows into Nigeria on real gross domestic product (RGDP) growth and how these external inflows can bring about achieving Goal-17.3 of mobilising additional financial resources for developing countries from multiple sources. The model constructed was estimated using the robust GMM estimation technique which took care of the problem of endogeneity and autocorrelation inherent in ordinary least square. The study found that labour quality has a positive and significant effect on RGDP in line with theory. Equally, it was noted that capital intensity displayed a significant negative effect on RGDP in Nigeria. This study therefore recommends that policy makers in Nigeria should incorporate into her broad policy, improvement in capital intensity as a bedrock to growing the economy through FDI spillover effects
Capital formation · Developing country · Economic growth · Economics · Emerging markets · Financial capital · Financial sector development · Foreign direct investment · Gross domestic product · Human capital · International economics · Macroeconomics · Real gross domestic product · Spillover effect · Economic Growth and Development · Global trade and economics · International Business and FDI
Trade, knowledge spillovers, and growth
Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?
Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela
Foreign investment and technology transfer
Foreign direct investment-led growth
Economic Welfare and the Allocation of Resources for Invention
Foreign direct investment and spillovers through workers’ mobility
Multinational Corporations and Spillovers
On the mechanics of economic development
Determinant Factors of FDI Spillovers – What Do We Really Know
Foreign direct investment and technology spillover
Are there positive spillovers from direct foreign investment
Increasing Returns and Long-Run Growth
Multinational Firms, Competition, and Productivity in Host-Country Markets
A Contribution to the Theory of Economic Growth
How does foreign direct investment affect economic growth
| Obras citantes distintas | 2 |
|---|---|
| Citações por ano | 0,67 |
| Intervalo de citações | 2023 - 2024 (2) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 1 |