Financial Development, Foreign Direct Investment and Economic Growth in Nigeria

Simple item page
dc.contributor.authorSaibu, O.M.
dc.contributor.authorNwosa, P.I.
dc.contributor.authorAgbeluyi, M.A.
dc.date.accessioned2022-01-08T05:03:35Z
dc.date.available2022-01-08T05:03:35Z
dc.date.issued2011
dc.descriptionScholarly articlesen_US
dc.description.abstractThe study examined effects of financial development and foreign direct investment on economic growth in Nigeria.. The study modified the standard endogenous model to incorporate foreign direct investment and financial development as the determinant of growth in the long run. Using time series data from 1970 to 2009, the study tested for the time series properties of the variable and adopted the Autoregressive Distributed Lag (ARDL) technique to estimate the model. The results showed that financial development and foreign direct investment had negative effects on economic growth in Nigeria. The result further showed that the effect of foreign direct investment differed significant when different measures of financial market are used. Specifically foreign direct investment was only significant when combined with stock market indices. The result also showed that financial market liquidity but not the size of the financial market that matter for economic growth in Nigeriaen_US
dc.identifier.citationSaibu M.O, Nwosa P.I. and A.M Agbeluyi (2011) Financial Development, Foreign Direct Investment and Economic growth in Nigeria (1970-2009): Journal of Emerging Trends in Economics and Management Sciences (JETEMS) Vol 1(2): Pp147-155, UKen_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/9997
dc.language.isoenen_US
dc.publisherJournal of Emerging Trends in Economics and Management Sciencesen_US
dc.subjectFinancial developmenten_US
dc.subjectForeign policy investmenten_US
dc.subjectEconomic growthen_US
dc.subjectNigerian economyen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economicsen_US
dc.titleFinancial Development, Foreign Direct Investment and Economic Growth in Nigeriaen_US
dc.typeBooken_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Saibu et al JETEMS.pdf
Size:
251.98 KB
Format:
Adobe Portable Document Format
Description:
Main article
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Economics-Scholarly Publications