FOREIGN DIRECT INVESTMENT, UNEMPLOYMENT AND PRODUCTIVITY GROWTH IN NIGERIA

Ogunjobi, J. O. and AWOLEYE, E. O. and Toriola, A. K. FOREIGN DIRECT INVESTMENT, UNEMPLOYMENT AND PRODUCTIVITY GROWTH IN NIGERIA. IUT Journal of Advanced Research and Development.

Text No 14. FDI,UNEMPLOYMENT _ PRODUCTIVITY.pdf - Published Version Download (18MB)

Abstract

ABSTRACT This study examines the relationship between foreign direct investment, unemployment and productivity growth in Nigeria over the period of 1985 to 2021. Using Autoregressive distributed lag (ARDL) method, the results show that foreign direct investment has negative significant effect on productivity growth in the short run but negative insignificant in the long run. Unemployment exerts a negative and insignificant impact on productivity growth in both the short and long run in Nigeria. The study submitted that foreign direct investment negatively affect productivity growth in Nigeria only in the short run while unemployment does not show a significant relationship with productivity growth in both the short and long run. Based on the findings, the study recommends the introduction of policies that encourage FDI flows across sector and reduce unemployment to enhance productivity growth in Nigeria.

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