Effect of foreign direct investment on economic growth and poverty in Nigeria

The increasing concern by the government to reduce poverty and achieve a sustainable economic growth in Nigeria is of great importance. The objectives of this study are to examine the effect of FDI on economic growth, to assess how FDI affects poverty, and to investigate the direction of causal rela...

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Main Author:	Haruna, Muhammad Aminu
Format:	Thesis
Language:	eng eng eng
Published:	2018
Subjects:	HC Economic History and Conditions
Online Access:	https://etd.uum.edu.my/8326/1/s820645_01.pdf https://etd.uum.edu.my/8326/3/s820645%20references.docx https://etd.uum.edu.my/8326/4/Depositpermission_s820645.pdf
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id	my-uum-etd.8326
record_format	uketd_dc
spelling	my-uum-etd.83262021-06-06T04:05:48Z Effect of foreign direct investment on economic growth and poverty in Nigeria 2018 Haruna, Muhammad Aminu Hassan, Sallahuddin School of Economics, Finance & Banking School of Economics, Finance & Banking HC Economic History and Conditions The increasing concern by the government to reduce poverty and achieve a sustainable economic growth in Nigeria is of great importance. The objectives of this study are to examine the effect of FDI on economic growth, to assess how FDI affects poverty, and to investigate the direction of causal relationship amongst FDI, economic growth, and poverty in Nigeria. The study used time series data for the period of 1980-2015. The data were mainly sourced from the World Development Indicators (WDI), the Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS). The study employed the approach of Autoregressive Distributive Lag (ARDL) and Granger Causality relationship in analyzing the data. The results show that FDI has a significant positive effect on economic growth in the short run and long run. However, FDI is only found to have a significant positive effect on poverty in the long run. The results of analysis also show that the models of economic growth and poverty have high speed of adjustment toward equilibrium in the short run because of high coefficient value of error correction terms. As the Granger causality relationship results confirm that FDI has unidirectional causality relationship with poverty and economic growth, the government expenditure, economic growth and trade openness are found to have bidirectional causality relationships with poverty. Therefore, this study recommends that the government of Nigeria should implement subsidies and tax relief programs to attract more FDI inflow and establish poverty alleviation commission aimed at executing specific poverty alleviation programmes. 2018 Thesis https://etd.uum.edu.my/8326/ https://etd.uum.edu.my/8326/1/s820645_01.pdf text eng public https://etd.uum.edu.my/8326/3/s820645%20references.docx text eng public https://etd.uum.edu.my/8326/4/Depositpermission_s820645.pdf text eng staffonly other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Hassan, Sallahuddin
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Haruna, Muhammad Aminu Effect of foreign direct investment on economic growth and poverty in Nigeria
description	The increasing concern by the government to reduce poverty and achieve a sustainable economic growth in Nigeria is of great importance. The objectives of this study are to examine the effect of FDI on economic growth, to assess how FDI affects poverty, and to investigate the direction of causal relationship amongst FDI, economic growth, and poverty in Nigeria. The study used time series data for the period of 1980-2015. The data were mainly sourced from the World Development Indicators (WDI), the Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS). The study employed the approach of Autoregressive Distributive Lag (ARDL) and Granger Causality relationship in analyzing the data. The results show that FDI has a significant positive effect on economic growth in the short run and long run. However, FDI is only found to have a significant positive effect on poverty in the long run. The results of analysis also show that the models of economic growth and poverty have high speed of adjustment toward equilibrium in the short run because of high coefficient value of error correction terms. As the Granger causality relationship results confirm that FDI has unidirectional causality relationship with poverty and economic growth, the government expenditure, economic growth and trade openness are found to have bidirectional causality relationships with poverty. Therefore, this study recommends that the government of Nigeria should implement subsidies and tax relief programs to attract more FDI inflow and establish poverty alleviation commission aimed at executing specific poverty alleviation programmes.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Haruna, Muhammad Aminu
author_facet	Haruna, Muhammad Aminu
author_sort	Haruna, Muhammad Aminu
title	Effect of foreign direct investment on economic growth and poverty in Nigeria
title_short	Effect of foreign direct investment on economic growth and poverty in Nigeria
title_full	Effect of foreign direct investment on economic growth and poverty in Nigeria
title_fullStr	Effect of foreign direct investment on economic growth and poverty in Nigeria
title_full_unstemmed	Effect of foreign direct investment on economic growth and poverty in Nigeria
title_sort	effect of foreign direct investment on economic growth and poverty in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2018
url	https://etd.uum.edu.my/8326/1/s820645_01.pdf https://etd.uum.edu.my/8326/3/s820645%20references.docx https://etd.uum.edu.my/8326/4/Depositpermission_s820645.pdf
_version_	1747828374306291712

Effect of foreign direct investment on economic growth and poverty in Nigeria

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