期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2012
卷号：14
期号：8
出版社：Institute of Sustainable Development in Africa
摘要：Despite the increased capital flows to African countries, including Nigeria, many African countries are still characterized by low per-capita income and high unemployment rates, foreign direct investments are theoretically and empirically supposed to solve these problems. The Nigerian government has been focusing on policies that will help attract foreign investors and yet the economy is still dwindling. It is against this background, that this study analyzed the impact of foreign direct investment on the economic growth in Nigeria for the period 1970-2010 making use of annual time series data through a neo-classical framework. The findings show that foreign direct investments have positive impact on economic growth in Nigeria and so does domestic investment. The study therefore recommends that for the country to effectively reap the benefits of foreign and domestic investments, its economic planners should create a healthy and enabling business environment that encourages both foreign and local investors, provide incentives for innovation and skills improvement, and contributes to competitive corporate climate.
关键词：Foreign Direct Investment; Domestic Investment; Policy; Economic Growth; Cointegration
