The impact of FDI and non-oil exports on economic growth in Nigeria

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Publisher : GRIN Verlag
ISBN 13 : 3668719578
Total Pages : 65 pages
Book Rating : 4.6/5 (687 download)

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Book Synopsis The impact of FDI and non-oil exports on economic growth in Nigeria by : Timothy Aderemi

Download or read book The impact of FDI and non-oil exports on economic growth in Nigeria written by Timothy Aderemi and published by GRIN Verlag. This book was released on 2018-06-06 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Study from the year 2018 in the subject Economics - International Economic Relations, , language: English, abstract: The controversy surrounding the impact of FDI and non-oil exports on economic growth and the dynamic interactions of these economic variables in Nigeria motivated this study. Empirical studies have found divergent views on the effect of FDI and non-oil exports on economic growth in the country. However, in achieving the objectives of this study, the author employed the dynamic OLS and VARS modeling to analyze the relationship between FDI, non-oil exports and economic growth in Nigeria during the period of 1980 to 2016. In testing for the time series properties, the evidence from estimated economic models suggests that all the variables examined are stationary at first difference I(Is) using the Augmented Dickey- Fuller (ADF) and Phillips-Perron. Also, Johansen Co integration test reveals that the variables are co integrated which confirms the existence of long-run equilibrium relationship among the variables. The study reveals that the impact of FDI on the economic growth was significant and as a unit increase in FDI impacted positively by 64% on the productive capacity of goods and services in Nigeria during the period. Meanwhile, reverse is the case for non-oil exports. In addition, the interactions among FDI, nonoil exports and economic growth appear very weak and do not follow a predictable pattern in Nigeria: that foreign direct investment should lead to improvement in non-oil exports and eventually expand the frontier of economic growth. This suggests that there are some structural rigidities in the economy that are preventing the impact of non-oil exports from being fully felt by the economy, particularly through economic growth channel. This further reinforces the presence of some institutional factors that create inherent problems in the economy that could frustrate any valid and sincere investment policies formulated by the government. Therefore, the study recommends that the policy makers need to create friendly economic policies and business environment that will boost further attraction of FDI into all sectors of the economy and the economy must be diversified as well towards non-oil sector in order to ensure maximum contributions from this sector to economic growth of Nigeria in the nearest future.

The Relationship Between Foreign Direct Investment, Non-oil Exports and Economic Growth in Nigeria

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis The Relationship Between Foreign Direct Investment, Non-oil Exports and Economic Growth in Nigeria by : Desmond Uzoma Idu-Odaiche

Download or read book The Relationship Between Foreign Direct Investment, Non-oil Exports and Economic Growth in Nigeria written by Desmond Uzoma Idu-Odaiche and published by . This book was released on 2019 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nigeria - U.S. Trade Relations in the Non-Oil Sector

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Publisher : Universal-Publishers
ISBN 13 : 1599427036
Total Pages : 199 pages
Book Rating : 4.5/5 (994 download)

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Book Synopsis Nigeria - U.S. Trade Relations in the Non-Oil Sector by : Gbadebo Olusegun Odularu

Download or read book Nigeria - U.S. Trade Relations in the Non-Oil Sector written by Gbadebo Olusegun Odularu and published by Universal-Publishers. This book was released on 2008-11 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: In as much as trade fosters economic development, it also exacerbates poverty, especially in the sub Saharan African (SSA) countries. Against this backdrop, this study will increase our understanding of the estimation of non-oil commodity trade flows between Nigeria and the U.S. More specifically, the study aims to analysing the impact of African Growth Opportunity Act (AGOA) on the U.S. imports of non-oil products from Nigeria. The research objectives are woven around the following questions: - What is the nature of Nigeria's and the U.S.'s foreign trade policies with particular reference to non-oil trade? - What are the patterns, magnitude, composition and trends in Nigeria-US non-oil trade? - Which economic sectors possess greatest potential for fostering trade in the non-oil sector between Nigeria and the U.S.? - What is the impact of AGOA on the diversification and growth of non-oil exports in Nigeria? This study adopts the difference-in-differences (DiD) as the research methodology. Within the Nigerian context, DiD intuitively compares the trends in imports of AGOA non-oil products before and after AGOA with the pattern of imports of non-AGOA non-oil products before and after AGOA, controlling for the timing of AGOA, import capacity and economic performance of both U.S. and Nigeria. Using the World Trade Organisation (WTO) Integrated Data Base (IDB), the empirical analysis reveals that AGOA non-oil products increased by as much as 182 percent with the implementation of AGOA, while the non-AGOA non-oil products fell by 76 percent. Conclusively, AGOA has had a considerably positive impact on the Nigerian non-oil sector at the general level. The policy implication of the empirical analysis is the need for the U.S. to expand the product coverage and opportunities of AGOA non-oil products in order for AGOA to achieve its objectives of using trade as a potent tool for promoting economic growth in SSA.

Non-Oil Exports and Economic Growth In Nigeria

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Author :
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659622878
Total Pages : 140 pages
Book Rating : 4.6/5 (228 download)

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Book Synopsis Non-Oil Exports and Economic Growth In Nigeria by : Victor Ijirshar

Download or read book Non-Oil Exports and Economic Growth In Nigeria written by Victor Ijirshar and published by LAP Lambert Academic Publishing. This book was released on 2014-10-31 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is strictly an examination of the effect of non-oil export on economic growth of Nigeria. The basic aim is to examine the trend and composition of the non-oil export in Nigeria and investigate the extent of the contribution of non-oil export sector to the Nigerian economy. The study generate serious academic interest in evolving new methods and strategies needed in developing non-oil exports for higher productivity and efficient performance which in the long run will result to economic growth and development. Hence it evaluates the federal government incentives and schemes in promoting non-oil export trade promotion in Nigeria with focus on the immense derivable benefits from engaging in non-oil export and the resulting economic growth in Nigeria at aggregate level which are associated with the current international trends in global trade liberation. Virtually all the nations' foreign exchange was obtained from the exportation of oil products due to the economic boom in 1970s. Thus, it is pertinent in this study to discuss the causes and consequences of the neglect of the non-oil export in detail as well as trend examined since 1970 in order to note its growth.

FDI and Economic Growth

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Publisher :
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 Impact of Non-Oil Exports on Economic Growth in Nigeria

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Publisher :
ISBN 13 : 9783659909603
Total Pages : 52 pages
Book Rating : 4.9/5 (96 download)

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Book Synopsis The Impact of Non-Oil Exports on Economic Growth in Nigeria by : Olasupo Oyeleye

Download or read book The Impact of Non-Oil Exports on Economic Growth in Nigeria written by Olasupo Oyeleye and published by . This book was released on 2016-07-15 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Perspectives on Industrial Development in Nigeria

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Publisher : Springer Nature
ISBN 13 : 3030843750
Total Pages : 354 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Perspectives on Industrial Development in Nigeria by : Oyeyemi Adegbite

Download or read book Perspectives on Industrial Development in Nigeria written by Oyeyemi Adegbite and published by Springer Nature. This book was released on 2022-01-01 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes a critical review of Nigeria’s attempts to achieve rapid industrial development since independence from Britain in 1960. It details the issues, challenges, and hard choices confronted by Nigerian political leadership and highlights the reasons why the country ultimately failed to achieve industrial take-off in spite of its abundant human and material resources. Chapters take a retrospective look at government industrial development policies and programs, including the steel industry, agro-allied and forest-based industries, and the industrial estate development program. The book also discusses tariff and trade policies, incentives and disincentives to foreign direct investment (FDI) in the manufacturing sector, and small and medium enterprise (SME) development. The book concludes with a look at the recent drive towards regional integration as well as the potential impact of the Economic Partnership Agreement (EPA) between the European Union and sixteen countries of West Africa. Providing an exhaustive history of Nigeria’s economic and industrial development, this volume will be of interest to researchers and students of African economics, development studies, and industrial organization, as well as policy makers in both the public and private sectors.

A Comparative Analysis on the Role of Crude Oil and Non-Oil Exports on Nigerian Economy

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis A Comparative Analysis on the Role of Crude Oil and Non-Oil Exports on Nigerian Economy by : James Leekaaga Fiiwe

Download or read book A Comparative Analysis on the Role of Crude Oil and Non-Oil Exports on Nigerian Economy written by James Leekaaga Fiiwe and published by . This book was released on 2017 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil export and nonoil export have remained sources of revenue for Nigeria over the years, however the over dependence on oil sector and neglect of the nonoil sector has raised issues on which export sector impacts more on the Nigeria economy. This study therefore carried out comparative analysis on the role crude oil export and nonoil export in relations to Nigeria's economic growth. Data were collected from CBN statistical bulletin from 1980-2015. OLS, Augmented dickey fuller, co-integration and error correction model were used to analyze the data. Findings suggest that both oil export sector and nonoil export sector have positive impact on GDP. The ADF showed that all the variables are stationary at first order of difference while the co-integration shows that two cointegrating variables. The error correction model indicates that oil export sector and nonoil export sector have long run relationship with Nigeria's GDP. It concludes that nonoil export has greater impact on the economy than the oil export sector for the period under review. Based on the findings, it is recommended that the government should implement export diversification policies. Non-oil sector exports should be encouraged. The development of the nonoil export sector will further improve the volume of exports and balance of trade in Nigeria.

The Impacts of the Multinational Oil Corporations on Nigeria's Economic Growth

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (44 download)

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Book Synopsis The Impacts of the Multinational Oil Corporations on Nigeria's Economic Growth by : Christian Dare Odofin

Download or read book The Impacts of the Multinational Oil Corporations on Nigeria's Economic Growth written by Christian Dare Odofin and published by . This book was released on 1979 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade Policy, Technological Change and Productivity Growth Dynamics

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Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Trade Policy, Technological Change and Productivity Growth Dynamics by : A. O. Adewuyi

Download or read book Trade Policy, Technological Change and Productivity Growth Dynamics written by A. O. Adewuyi and published by . This book was released on 2005 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate, and Trade Liberalization, and Non-oil Exports in Nigeria

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Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Exchange Rate, and Trade Liberalization, and Non-oil Exports in Nigeria by : M. Kwanashie

Download or read book Exchange Rate, and Trade Liberalization, and Non-oil Exports in Nigeria written by M. Kwanashie and published by . This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Potentials for Diversifying Nigeria's Non-oil Exports to Non-traditional Markets

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Potentials for Diversifying Nigeria's Non-oil Exports to Non-traditional Markets by : C. Adeniyi Osuntogun

Download or read book Potentials for Diversifying Nigeria's Non-oil Exports to Non-traditional Markets written by C. Adeniyi Osuntogun and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of the Structural Adjustment Program on the Structure of Nigeria's International Economic Relations

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Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Impact of the Structural Adjustment Program on the Structure of Nigeria's International Economic Relations by : Amadu Sesay

Download or read book The Impact of the Structural Adjustment Program on the Structure of Nigeria's International Economic Relations written by Amadu Sesay and published by . This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Publisher :
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.

Foreign Direct Investment Inflows and Oil Exports in Nigeria

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (867 download)

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Book Synopsis Foreign Direct Investment Inflows and Oil Exports in Nigeria by : Lanke Benedict Awomailo

Download or read book Foreign Direct Investment Inflows and Oil Exports in Nigeria written by Lanke Benedict Awomailo and published by . This book was released on 2022-12-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An attempt has been made in this study to account for the impact of Foreign Direct Investment (FDI) Inflows and oil Exports in Nigeria. The study set out to establish among others the trend of FDI inflows and oil exports, performance of firms, and regulation in Nigeria. To achieve these stated objectives, the study follows this pattern: in the introduction, the necessary background is laid out, and the problems are identified and justified accordingly. a critical review of the selected and relevant literature was done with a view to identifying the research gap in the existing knowledge. In the same vein, the theory of multinationals, new trade theory, and traditional neoclassical growth theory was explained. Methodical models and techniques of analysis that are more appropriate for achieving the objectives of the study.

Increasing Influence of China and India in Nigerian Trade and Investment

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Increasing Influence of China and India in Nigerian Trade and Investment by : S. O. Akande

Download or read book Increasing Influence of China and India in Nigerian Trade and Investment written by S. O. Akande and published by . This book was released on 2009 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Growth Through Export Expansion

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Economic Growth Through Export Expansion by : Festus O. Egwaikhide

Download or read book Economic Growth Through Export Expansion written by Festus O. Egwaikhide and published by . This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: