Measuring the Impact of Fdi on Economic Growth in Nigeria
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Date
2012-09-25
Authors
Ogunmuyiwa, M.S
Ogunleye, O.J.
Journal Title
Journal ISSN
Volume Title
Publisher
© Maxwell Scientific Organization, 2012.
Abstract
Abstract: This study investigates the impact of FDI on Nigeria's economic growth process. In an attempt to do this, the paper tests the validity of the modernization or depending hypothesis by employing various econometric tools such as Augmented Dickey Fuller (ADF) and Phillips Perron (PP) tests, Johansen Co-integration
test, the Error Correction Mechanism (ECM) and Granger Causality test on time series data from 1970-2008. The results reveal that a long run relationship exists between the variables and a unidirectional causality from Fl)] to growth was also established. Thus, empirical findings support the modernization hypothesis that Fm is growth promoting in Nigeria.
Description
Conference Paper
Keywords
Co-integration , Economic Growth
Citation
Ogunmuyiwa,M.S and Ogunleye,O.J. (2012) Measuring the Impact of Fdi on Economic Growth in Nigeria. Current Research Journal of Social Sciences. Vol. 4, (5), p. 338 - 342.: