ABSTRACT
This study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 1990-2011. Data from Central Bank of Nigeria (CBN) Statistical Bulletin was used. The Ordinary Least Square (OLS) technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables. The explanatory power of the model was given by the R2 of 85.5% and was subjected to t-test and f-test to test the significance of the independent variables.
TABLE OF CONTENT
Title page…………………………………………………………………………………………………………. i
Approval page………………………………………………………………………………………………….. ii
Dedication………………………………………………………………………………………………………… iii
Acknowledgement……………………………………………………………………………………………. iv
Abstract …………………………………………………………………………………………………………… v
Table of content………………………………………………………………………………………………..vi
1.1 Background of the study………………………………………………………………………………1
1.2 Statement of problem ………………………………………………………………………………….3
1.3 Research Questions……………………………………………………………………………………….4
1.4 Objective of the study……………………………………………………………………………………4
1.5 Research Hypothesis………………………………………………………………………………………6
1.6 Significance of the study…………………………………………………………………………………8
1.7 Scope of the study……………………………………………………………………………………….. 10
1.8 Limitation of the study…………………………………………………………………………………11
2.1 Introduction………………………………………………………………………………………………….12
2.2 Theoretical Framework…………………………………………………………………………………15
2.3 Foreign Direct Investment and Economic growth (Empirical)………………………..17
2.4 FDI and competition in the Host market………………………………………………………..20
2.5 Impact of FDI on Productivity…………………………………………………………………………22
2.6 Impact of FDI on Innovation………………………………………………………………………….23
2.7 Impact of FDI on Technology Adoption…………………………………………………………24
2.8 Impact of FDI on Human Capital……………………………………………………………………24
2.9 Factors Influencing Demand…………………………………………………………………………25
2.10 Factor Limiting Technology Transfers…………………………………………………………27
2.11 Benefits of FDI on Nigeria’s Economy…………………………………………………………29
3.1 Research Methodology…………………………………………………………………………………30
3.2 Model Specification……………………………………………………………………………………..31
3.3 Method of Evaluation………………………………………………………………………………….32
3.4 Justification of the Model……………………………………………………………………………35
3.5 Data Required and Source…………………………………………………………………………..35
3.6 Econometric Software…………………………………………………………………………………26
4.1 Presentation of result……………………………………………………………………………….36
4.2 Analysis of the Result…………………………………………………………………………………37
4.3 Evaluation of Research Hypothesis…………………………………………………………….38
5.1 Summary of Findings…………………………………………………………………………………42
5.2 Policy Recommendation……………………………………………………………………………..45
5.3 Conclusion………………………………………………………………………………………………….48
BIBIOGRAPHY
APPENDIX
