The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.

This research work examined the impact of foreign direct investment on economic growth in Nigeria: A VAR model analysis (1985 – 2017). Secondary time series data obtained from World Bank were made to undergo series of tests to investigate the impact of foreign direct investment on economic growth in...

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Main Author:	Mohammed Nurudeen, Yelwa
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HC Economic History and Conditions
Online Access:	https://etd.uum.edu.my/8225/1/s824048_01.pdf https://etd.uum.edu.my/8225/2/DEPOSIT%20PERMISSION_s824048.pdf https://etd.uum.edu.my/8225/3/824048%20REFERENCES.docx
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id	my-uum-etd.8225
record_format	uketd_dc
spelling	my-uum-etd.82252021-05-10T04:27:44Z The impact of foreign direct investment on economic growth in Nigeria: A var model analysis. 2019 Mohammed Nurudeen, Yelwa Abu Bakar, Abu sufian School of Economics, Finance & Banking School of Economics, Finance & Banking HC Economic History and Conditions This research work examined the impact of foreign direct investment on economic growth in Nigeria: A VAR model analysis (1985 – 2017). Secondary time series data obtained from World Bank were made to undergo series of tests to investigate the impact of foreign direct investment on economic growth in Nigeria covering a period of 33 years. The variables used are foreign direct investment, economic growth, exchange rate, interest rate and oil price. The stationarity test (unit root) showed that the included variables; economic growth (ECGT), exchange rate (EXCHR), interest rate (INTR) and oil price (OILP) were stationary at their level except for foreign direct investment (FDI) and exchange rate (EXCH) which was stationary after the first difference. They were thus integrated of order one 1(1). The Cointegration test using Johansen Cointegration test revealed that the variables were cointegrated and had a stable relationship in the long-run. To check for short-run relationship, the Granger causality test was adopted, and it showed causality relationship among the variables. As the result suggests, it becomes beneficial for Nigeria to attract FDI in order to stimulate the economic growth rate. The study recommended that there is need to improve the FDIs climate to take advantage of the new global interest in the affairs of the country by implementing sound macroeconomic policies, spurring innovation, improving the investment climate, establishing a transparent legal framework that does not discriminate between local and foreign investors and improving the provision of infrastructure and the government should implement policies that will make the foreign investment on oil sector more efficient and re-position it for economic growth in Nigeria. 2019 Thesis https://etd.uum.edu.my/8225/ https://etd.uum.edu.my/8225/1/s824048_01.pdf text eng public https://etd.uum.edu.my/8225/2/DEPOSIT%20PERMISSION_s824048.pdf text eng staffonly https://etd.uum.edu.my/8225/3/824048%20REFERENCES.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Abu Bakar, Abu sufian
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Mohammed Nurudeen, Yelwa The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
description	This research work examined the impact of foreign direct investment on economic growth in Nigeria: A VAR model analysis (1985 – 2017). Secondary time series data obtained from World Bank were made to undergo series of tests to investigate the impact of foreign direct investment on economic growth in Nigeria covering a period of 33 years. The variables used are foreign direct investment, economic growth, exchange rate, interest rate and oil price. The stationarity test (unit root) showed that the included variables; economic growth (ECGT), exchange rate (EXCHR), interest rate (INTR) and oil price (OILP) were stationary at their level except for foreign direct investment (FDI) and exchange rate (EXCH) which was stationary after the first difference. They were thus integrated of order one 1(1). The Cointegration test using Johansen Cointegration test revealed that the variables were cointegrated and had a stable relationship in the long-run. To check for short-run relationship, the Granger causality test was adopted, and it showed causality relationship among the variables. As the result suggests, it becomes beneficial for Nigeria to attract FDI in order to stimulate the economic growth rate. The study recommended that there is need to improve the FDIs climate to take advantage of the new global interest in the affairs of the country by implementing sound macroeconomic policies, spurring innovation, improving the investment climate, establishing a transparent legal framework that does not discriminate between local and foreign investors and improving the provision of infrastructure and the government should implement policies that will make the foreign investment on oil sector more efficient and re-position it for economic growth in Nigeria.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Mohammed Nurudeen, Yelwa
author_facet	Mohammed Nurudeen, Yelwa
author_sort	Mohammed Nurudeen, Yelwa
title	The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
title_short	The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
title_full	The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
title_fullStr	The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
title_full_unstemmed	The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.
title_sort	impact of foreign direct investment on economic growth in nigeria: a var model analysis.
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2019
url	https://etd.uum.edu.my/8225/1/s824048_01.pdf https://etd.uum.edu.my/8225/2/DEPOSIT%20PERMISSION_s824048.pdf https://etd.uum.edu.my/8225/3/824048%20REFERENCES.docx
_version_	1747828355448700928

The impact of foreign direct investment on economic growth in Nigeria: A var model analysis.

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