期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2018
卷号：8
期号：6
页码：46-53
语种：English
出版社：EconJournals
摘要：Foreign Direct Investment (FDI) is one of the sources used as a wedge to bridge the saving-financial requirement gap and many policies and programmes are mapped out to attract FDI in Nigeria. The study was aimed at examining whether source of FDI matter for growth in Nigeria. Using Autoregressive Distributed Lag (ARDL) bound test model, we disaggregated FDI sources to determine individual impact, and then add interest rate and exchange rate to capture macroeconomic conditions of the economy. The results show while inflow from Asian and African countries had significant and positive impact on GDP growth rate, FDI from USA and EU countries had the opposite effect. Therefore, the impacts of FDI indeed differs depending on the country of origin and this is caused by differences in market structures of host country and country of origin, business system, institutions, policy formulation process, organizational features, level of development etc.
关键词：Foreign Direct Investment; Autoregressive Distributed Lag; Source country; host country
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