Investigating The Effects of Foreign Direct Investments and Remittances On Economic Growth in Nigeria: A Vector Autoregressive Approach

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ISBN 13 : 9781952751646
Total Pages : 42 pages
Book Rating : 4.7/5 (516 download)

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Book Synopsis Investigating The Effects of Foreign Direct Investments and Remittances On Economic Growth in Nigeria: A Vector Autoregressive Approach by : Esther Oluwafunmilayo Adegbite

Download or read book Investigating The Effects of Foreign Direct Investments and Remittances On Economic Growth in Nigeria: A Vector Autoregressive Approach written by Esther Oluwafunmilayo Adegbite and published by . This book was released on 2020-08-25 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an attempt to ensure greater participation in the global economy, developing countries have increasingly liberalized, privatized and deregulated their economies since the mid-1980s. More welcoming policies to attract foreign capital inflows have been a prominent component of this trend. In this study, an attempt is made to analyze the impact of foreign direct investment and remittances inflow on economic growth of Nigeria in a quest to find a reasonable answer to the question of whether FDI and remittances inflows constitute vital sources of economic growth to Nigeria. The study employed the Vector Autoregressive (VAR) approach. It was established that foreign direct investment has a positive but non-significant impact on Nigeria's economic growth. However, it is evident from the outcome of the study that the remittances inflow has a negative though non-significant impact on Nigeria economic growth. The policy implication of this study is that government should build an investment-friendly environment free of insecurity and corruption, reduce the cost of doing business and put in place the mechanism to attract more capital inflows to boost domestic production. By doing this, Foreign investors will have confidence in Nigeria economy and commit more funds in form of Foreign Direct Investment in Nigeria which will enhance domestic production. Remittances inflow can then be channeled to consumption of these domestic goods and services rather than on imported goods. This will increase aggregate demand and ultimately affect output and growth in Nigeria.

FDI and Economic Growth

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ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis FDI and Economic Growth by : Adeolu B. Ayanwale

Download or read book FDI and Economic Growth written by Adeolu B. Ayanwale and published by . This book was released on 2007 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of International Remittances on Economic Growth in Sub-Saharan Africa

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Publisher : GRIN Verlag
ISBN 13 : 3346715051
Total Pages : 81 pages
Book Rating : 4.3/5 (467 download)

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Book Synopsis The Effect of International Remittances on Economic Growth in Sub-Saharan Africa by : Gashaw Atilaw

Download or read book The Effect of International Remittances on Economic Growth in Sub-Saharan Africa written by Gashaw Atilaw and published by GRIN Verlag. This book was released on 2022-09-05 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Economics - Economic Cycle and Growth, grade: 3.75 (good), Ethiopian Civil Service University, language: English, abstract: This paper is about the effect of international remittances of economic growth in sub-Saharan Africa. For many developing economies, remittances constitute the single largest source of foreign exchange, exceeding export revenues, foreign direct investment (FDI), and other private capital inflows. This study aims to examine the effect of international remittances on economic growth in SSA countries using a panel data approach. The System Generalized Method of Moments was used as the main model of analysis. The sample consists of 29 SSA countries for the period 2004-2019. The study findings show that international remittance has a positive and significant effect on economic growth in SSA. The study recommends that SSA countries should be designing policies and strategies that facilitate less costly and hassle-free flow of remittances into national development. There is a need to have well-established institutional frameworks to train, support, and ensure the welfare of emigrants abroad by the provision of information or services to assist migrant welfare and promote remittances and investment in the home country.

Foreign Direct Investment. A Panacea to National Economic Development in Nigeria?

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Publisher : GRIN Verlag
ISBN 13 : 3346229815
Total Pages : 100 pages
Book Rating : 4.3/5 (462 download)

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Book Synopsis Foreign Direct Investment. A Panacea to National Economic Development in Nigeria? by : Prince Eze Chidi Nwauba

Download or read book Foreign Direct Investment. A Panacea to National Economic Development in Nigeria? written by Prince Eze Chidi Nwauba and published by GRIN Verlag. This book was released on 2020-08-20 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2016 in the subject Business economics - Investment and Finance, , course: Public Administration, language: English, abstract: The study examined foreign direct investment (FDI): a panacea to national economic development. The objectives set for the study are; to determine the causes of the Nigerian economic downturn, to ascertain the effects of foreign direct investment, to suggest measures that would be taken to accelerate the economic development of Nigeria. Primary and secondary data were used; the population of the study was 1200 from which the sample sizes of 400 were determined using Taro Yamani’s formula. The research instruments used were questionnaire and oral interview. The reliability of the research instruments was tested using Pearson Product moment correlation coefficient; the result gave a reliability index of 0.98 indicating a high degree of consistency. Chi-square and ANOVA approach were the statistical tools used. The findings from the study reveals that, decline in oil prices and revenue, increase government expenditure and decline in market indices are the challenges posed by economic downturn in Nigeria; consumption-based economy, poor savings, high credit culture and huge financial outflow are the causes of the economic crises in Nigeria; reduction in direct foreign investment and overseas development assistance are the effects of economic crisis to Nigeria and finally, diversification of the economy, robust regulatory policies and professional supervision to aid foreign direct investment in Nigeria. Based on the findings, the researcher made the following recommendation: Nigeria should adopt tough policy measures as effective strategies towards a comprehensive strengthening of the economy, government should ensure that policy recommendations are implemented in order to reposition the Nigerian economy against the impact of future economic downturn, government should create enabling environment to attract foreign investors in order to boost economic activities in the country. Finally, government needs to sincerely focus on developing/strengthening the economy and provide alternative sources of revenue on a sustained basis.

Macroeconomic Consequences of Remittances

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Publisher : International Monetary Fund
ISBN 13 : 1451925255
Total Pages : 94 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Macroeconomic Consequences of Remittances by : Connel Fullenkamp

Download or read book Macroeconomic Consequences of Remittances written by Connel Fullenkamp and published by International Monetary Fund. This book was released on 2008-03-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their development potential--by reporting the results of the first global study of the comprehensive macroeconomic effects of remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely been overlooked. The main challenge for policymakers in countries that receive significant flows of remittances is to design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these policy prescriptions correct early on is imperative. Globalization and the aging of developed economy populations will ensure that demand for migrant workers remains robust for years to come. Hence, the volume of remittances likely will continue to grow, and with it, the challenge of unlocking the maximum societal benefit from these transfers.

Political Economy of Gender and Development in Africa

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Publisher : Springer Nature
ISBN 13 : 3031188292
Total Pages : 236 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Political Economy of Gender and Development in Africa by : Bhabani Shankar Nayak

Download or read book Political Economy of Gender and Development in Africa written by Bhabani Shankar Nayak and published by Springer Nature. This book was released on 2023-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the issues and challenges of gender and development in Africa. The current needs of women in Africa are connected with the possible future emancipation of women from institutions and processes that perpetuate poverty to overcome gendered development processes and patriarchal economic policies at work. The role of legal, political, cultural, religious, and economic institutions in development are examined to highlight marginalisation within uneven development processes embedded with capitalism. Broader development issues, such as property rights, food security, accessibility of resources, and environmental change, are also discussed. This book aims to reimagine African development from an issue-based perspective that moves beyond gender stereotypes and narrow silo of patriarchal development. The volume is relevant to students and researchers interested in the political economy, development and feminist economics.

Policy Solutions for Economic Growth in a Developing Country

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Publisher : Emerald Group Publishing
ISBN 13 : 1837534322
Total Pages : 210 pages
Book Rating : 4.8/5 (375 download)

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Book Synopsis Policy Solutions for Economic Growth in a Developing Country by : Nassir Ul Haq Wani

Download or read book Policy Solutions for Economic Growth in a Developing Country written by Nassir Ul Haq Wani and published by Emerald Group Publishing. This book was released on 2024-06-17 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perspectives on Afghanistan’s Trade and Development offers a rich and varied policy analysis for those who wish to design a policy to bolster exports from Afghanistan, and for academicians, researchers and students who wish to gain greater insight into this developing economy.

Foreign Assistance and Economic Development

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ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Foreign Assistance and Economic Development by : Hollis Burnley Chenery

Download or read book Foreign Assistance and Economic Development written by Hollis Burnley Chenery and published by . This book was released on 1965 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Diversified Development

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Publisher : World Bank Publications
ISBN 13 : 1464801207
Total Pages : 400 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Diversified Development by : Indermit S. Gill

Download or read book Diversified Development written by Indermit S. Gill and published by World Bank Publications. This book was released on 2014-02-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.

Foreign Direct Investment Perspective through Foreign Direct Divestment

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Publisher : BoD – Books on Demand
ISBN 13 : 1838819525
Total Pages : 118 pages
Book Rating : 4.8/5 (388 download)

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Book Synopsis Foreign Direct Investment Perspective through Foreign Direct Divestment by : Anita Maček

Download or read book Foreign Direct Investment Perspective through Foreign Direct Divestment written by Anita Maček and published by BoD – Books on Demand. This book was released on 2021-03-17 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the turn of the century, the liberalization of capital markets has caused exponential growth of foreign direct investment (FDI). However, developments in recent years have shown that countries have placed limitations on foreign investors. In addition, dynamic economic developments in the surge of financial and economic crisis and later have clearly exposed the possibility that FDI will change course and result in foreign direct divestment. This book looks at specific country experiences related to FDI as well as determinants of FDI that could be connected to the new course of divestment.

Cost-Benefit Analysis for Development

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Publisher : Asian Development Bank
ISBN 13 : 9290929588
Total Pages : 385 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Cost-Benefit Analysis for Development by : Asian Development Bank

Download or read book Cost-Benefit Analysis for Development written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.

Financial Sector Development in Africa

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Publisher : World Bank Publications
ISBN 13 : 0821396285
Total Pages : 255 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Financial Sector Development in Africa by : Thorsten Beck

Download or read book Financial Sector Development in Africa written by Thorsten Beck and published by World Bank Publications. This book was released on 2012-11-27 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume contains eight studies of financial sector challenges in Africa that served as background studies for Financing Africa: Through the Crisis and Beyond. One of the major challenges for African financial systems is to expand financial services to a larger share of the population. The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund. The book also contains a detailed discussion of bank regulation and supervision, especially in light of the current regulatory reforms in Europe and North America. The final chapter provides a political economy perspective, discussing the conditions for activist government policies in the financial sector.

Multinational Firms in the World Economy

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Publisher : Princeton University Press
ISBN 13 : 0691214271
Total Pages : pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Multinational Firms in the World Economy by : Giorgio Barba Navaretti

Download or read book Multinational Firms in the World Economy written by Giorgio Barba Navaretti and published by Princeton University Press. This book was released on 2020-06-16 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are seen by some as threats to national identities and wealth and are accused of riding roughshod over national laws and of exploiting cheap labor. However, the debate on these companies and foreign direct investment is rarely grounded on sound economic arguments. This book brings clarity to the debate. With the contribution of other leading experts, Giorgio Barba Navaretti and Anthony Venables assess the determinants of multinationals' actions, investigating why their activity has expanded so rapidly, and why some countries have seen more such activity than others. They analyze their effects on countries that are recipients of inward investments, and on those countries that see multinational firms moving jobs abroad. The arguments are made using modern advances in economic analysis, a case study, and by drawing on the extensive empirical literature that assesses the determinants and consequences of activity by multinationals. The treatment is rigorous, yet accessible to all readers with a background in economics, whether students or professionals. Drawing out policy implications, the authors conclude that multinational enterprises are generally a force for the promotion of prosperity in the world economy.

Education Systems and Foreign Direct Investment

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Publisher : International Monetary Fund
ISBN 13 : 1475590237
Total Pages : 23 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Education Systems and Foreign Direct Investment by : Elise Wendlassida Miningou

Download or read book Education Systems and Foreign Direct Investment written by Elise Wendlassida Miningou and published by International Monetary Fund. This book was released on 2017-03-30 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it focuses on the external efficiency and applies a frontier-based measure as a proxy of the ability of countries to optimally convert the average years of schooling into income for individuals. Second, it shows the relationship between the external efficiency of the education system and FDI inflows by applying GMM regression technique. The results show that the efficiency level varies across regions and countries and appears to be driven by higher education and secondary vocational education. Similarly to other studies in the literature, there is no significant relationship between the average years of schooling and FDI inflows. However, this study shows that the external efficiency of the education system is important for FDI inflows. Improving the external efficiency of the education system can play a role in attracting FDI especially in non-resource rich countries, nonlandloked countries and countries in the low and medium human development groups.

Global Economic Prospects, January 2016

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Publisher :
ISBN 13 : 9781464806759
Total Pages : 0 pages
Book Rating : 4.8/5 (67 download)

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Book Synopsis Global Economic Prospects, January 2016 by : World Bank

Download or read book Global Economic Prospects, January 2016 written by World Bank and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Global growth disappointed once again in 2015. A further deceleration of activity in key emerging and developing economies overshadowed a modest recovery in major high-income countries, amid weakening commodity prices, global trade, and capital flows. Going forward, global growth should pick up at an appreciably slower pace than previously projected. Risks to the outlook remain markedly tilted to the downside. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a comprehensive analysis of spillovers from a slowdown in major emerging markets to other developing economies, as well as two essays on key topical issues: the potential macroeconomic implications of the Trans-Pacific Partnership and the links between exchange rate regimes and capital controls in developing countries. It also includes a special focus on mounting vulnerabilities in low-income countries before major resource discoveries come into production. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging markets and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by developing countries while the June edition contains shorter analytical pieces."--Back cover.

Capital Flows and Growth in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Capital Flows and Growth in Developing Countries by : Marcelo Soto

Download or read book Capital Flows and Growth in Developing Countries written by Marcelo Soto and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Does Foreign Direct Investment Promote Development?

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Publisher : Peterson Institute
ISBN 13 : 9780881323818
Total Pages : 442 pages
Book Rating : 4.3/5 (238 download)

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Book Synopsis Does Foreign Direct Investment Promote Development? by : Theodore H. Moran

Download or read book Does Foreign Direct Investment Promote Development? written by Theodore H. Moran and published by Peterson Institute. This book was released on 2005 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.