William Chimee Nwaoha, Onwuka Okwara Onwuka, Victor Chigozie Akandu, Nyore Sophia Agboriane, Onyebuchi Gospel Onuoha
{"title":"外国直接投资流入与尼日利亚经济的决定性因素","authors":"William Chimee Nwaoha, Onwuka Okwara Onwuka, Victor Chigozie Akandu, Nyore Sophia Agboriane, Onyebuchi Gospel Onuoha","doi":"10.56201/ijefm.v8.no5.2023.pg56.65","DOIUrl":null,"url":null,"abstract":"This study investigates the deterministic factors of Foreign Direct Investment (FDI) inflows to Nigeria economy during 1980 – 2019 using Error Correction Model (ECM). The data such as Real Gross Domestic Product (RGDP), Market Size, Availability of Natural Resources, Political Risk, Infrastructural Development, and Trade Openness were sourced from the statistical bulletin of the Central Bank of Nigeria (CBN). The result shows that Market size (at lags 2 and 3) and Trade-openness have positive but insignificant effect on RGDP in Nigeria while infrastructural developments are found to be positive and significant function of RGDP. The results also reveal that in the long-run, the available natural resources exert negative and significant impact on","PeriodicalId":500008,"journal":{"name":"INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT","volume":"248 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Deterministic Factors of Foreign Direct Investment Inflows and Nigeria Economy\",\"authors\":\"William Chimee Nwaoha, Onwuka Okwara Onwuka, Victor Chigozie Akandu, Nyore Sophia Agboriane, Onyebuchi Gospel Onuoha\",\"doi\":\"10.56201/ijefm.v8.no5.2023.pg56.65\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study investigates the deterministic factors of Foreign Direct Investment (FDI) inflows to Nigeria economy during 1980 – 2019 using Error Correction Model (ECM). The data such as Real Gross Domestic Product (RGDP), Market Size, Availability of Natural Resources, Political Risk, Infrastructural Development, and Trade Openness were sourced from the statistical bulletin of the Central Bank of Nigeria (CBN). The result shows that Market size (at lags 2 and 3) and Trade-openness have positive but insignificant effect on RGDP in Nigeria while infrastructural developments are found to be positive and significant function of RGDP. The results also reveal that in the long-run, the available natural resources exert negative and significant impact on\",\"PeriodicalId\":500008,\"journal\":{\"name\":\"INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT\",\"volume\":\"248 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-10-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.56201/ijefm.v8.no5.2023.pg56.65\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56201/ijefm.v8.no5.2023.pg56.65","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Deterministic Factors of Foreign Direct Investment Inflows and Nigeria Economy
This study investigates the deterministic factors of Foreign Direct Investment (FDI) inflows to Nigeria economy during 1980 – 2019 using Error Correction Model (ECM). The data such as Real Gross Domestic Product (RGDP), Market Size, Availability of Natural Resources, Political Risk, Infrastructural Development, and Trade Openness were sourced from the statistical bulletin of the Central Bank of Nigeria (CBN). The result shows that Market size (at lags 2 and 3) and Trade-openness have positive but insignificant effect on RGDP in Nigeria while infrastructural developments are found to be positive and significant function of RGDP. The results also reveal that in the long-run, the available natural resources exert negative and significant impact on