MACROECONOMIC BEHAVIOUR AND FDI INFLOWS IN NIGERIA: AN APPLICATION OF THE ARDL MODEL

Babajide, Abiola A. and Lawal, A. I. (2016) MACROECONOMIC BEHAVIOUR AND FDI INFLOWS IN NIGERIA: AN APPLICATION OF THE ARDL MODEL. British Journal of Economics, Finance and Management Sciences, 11 (1). pp. 84-107.

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Abstract

Based on the Macroeconomic theory of FDI movement, this study examined the relationship between FDI and some selected macroeconomic variables both at the long and short run equilibrium in Nigeria. The study used ARDL estimation techniques to inquire if the selected macroeconomic variables have significant influence on FDI, what macroeconomic variable(s) need to be manipulated so as to enhance inflows of FDI to the nation’s economy? What policy implication should be adopted? The results show that policy that attempt to expand trade, increase government expenditure, manipulate the exchange rate system, lower inflation and interest rates are useful in attracting FDI inflows.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Mr DIGITAL CONTENT CREATOR LMU
Date Deposited: 15 Feb 2019 16:18
Last Modified: 15 Feb 2019 16:18
URI: https://eprints.lmu.edu.ng/id/eprint/1982

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