On The Disaggregated Analysis of Foreign Direct Investment and Economic Growth in Nigeria

dc.contributor.authorLoto, M.A.
dc.contributor.authorOjapinwa, T.V
dc.date.accessioned2017-10-20T10:23:26Z
dc.date.available2017-10-20T10:23:26Z
dc.date.issued2004
dc.descriptionFull Text Attacheden_US
dc.description.abstractThe study examines the disaggregated effects of FDI flows to mmll1g and quarry, manufacturing and processing and business and trade to economic growth in Nigeria using time series data from 1960 to 2011. The study employs Generalized Method of Moments (GMM) estimator while paying particular attention to issues of weighting matrix estimation and coefficient covariance calculation. Specifying HA C-Newey-West weighting matrix in a heteroskedasticity and autocorrelation consistent estimator of the long-run covariance matrix based on an initial estimate, the results show that the effects of foreign direct investment on economic growth in Nigeria is sectoral specific. While FD1flows to trade and business has direct and significant impact with real gross domestic product in Nigeria, FDI flows to manufacturing sector and mining and quarrying have positive relationship but insignificant effects. While the resultfurther shows that the interaction ofFDIflows to trade and business and openness becomes negative and more significant that of FDI to manufacturing and mining and quarrying to openness are insignificant and positive. This insignificant impact of FDI and openness is a clear indication of her small share in the world economy and the composition of her exports occasioned by the exogeneity of her terms of trade.en_US
dc.identifier.citationLoto, M.A, Ojapinwa, T.V (2004), On The Disaggregated Analysis of Foreign Direct Investment and Economic Growth in Nigeria. Journal of Social and Management Sciences, vol. 9 (3).en_US
dc.identifier.issn1597-0396
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2429
dc.language.isoenen_US
dc.publisherFaculty of Social Sciences Delta State University -Abrakaen_US
dc.relation.ispartofseriesStaff Publications;
dc.subjectDisaggregated FDIen_US
dc.subjectGrowthen_US
dc.subjectGMMen_US
dc.titleOn The Disaggregated Analysis of Foreign Direct Investment and Economic Growth in Nigeriaen_US
dc.typeArticleen_US
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