Full Project – ANALYSIS OF DETERMINANTS AND IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECONOMY (1981-2013)
Click here to Get this Complete Project Chapter 1-5
ABSTRACT
This work investigates the determinants and impact of Foreign Direct Investment (FDI) on Nigerian economy. FDI has become a debatable and topical issue across the globe because of its key role in bridging the savings gap in Least Developed Countries (LDCs). Theoretical argument that savings translate to investment is well documented in literature. Two fundamental issues concerning the potential importance of FDI in LDCs development process has remain unresolved. Firstly, does FDI really contribute to attainment of economic growth in host country as argued by the proponents of the modernization theory? Secondly, as the dependency theorists assert that FDI, although may spur short term economic growth, will generate and accelerate internal distortions that will it ultimately depress or even retard the host country’s economic growth? Based on these arguments, the study investigated the determinants and impact of foreign direct investment on Nigerian economy by analyzing in addition the composition and trend of FDI inflow to Nigeria from 1981 to 2013. Using the dual gap and Solow growth models as theoretical framework, the quantile regression analysis was used to examine the behavior of the variables of interest; such as fiscal deficit, openness, investment in infrastructure, net foreign indebtedness and external reserve. From the result, using the two models; all the variables were statistically significant at upper quantiles which implies that high GDP motivates inflow of FDI to Nigeria at different levels (1%, 5% and 10%) except external reserve which is not statistically significant in q95 with coefficient value of 2.530. In addition, on the impact of FDI, the result revealed that FDI is not statistically significant in q5, q25,and q50 with coefficient values of 2.0351, 1.3403 and -0.9472 respectively. The result in the last two quantiles (q75 and q95) shows that FDI is statistically significant with coefficient values of -1.1307 and -8.0836 at 5% level of significance. Finally, it was found that FDI inflows are mainly in the mining and manufacturing sectors as shown by the composition and trend analysis, others sectors such as agriculture, building and constructions are yet to benefit from the FDI inflows significantly. Based on these key findings, it is therefore recommended that government should relax pre-investment laws and implement tax concession policy so as to attract FDI to these sectors.
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
Theoretical arguments abound on the role of foreign direct investment (FDI) in an economy which suggests that foreign direct investment provides an important source of foreign exchange earnings needed to augment inadequate finance (savings) for domestic investments. Also, FDI provides the import substitution that would help to reduce the import bills thereby conserving the foreign reserve while investment in export promotion industries will increase the country’s foreign exchange earnings (Todaro, 1994).
According to the neoclassical school of thought, FDI fills the gap between targeted government revenue and locally raised taxes by taxing multinational corporations (MNCS), government are able to realize financial resources for developmental purposes. Hansen and Rand (2006), stressing the role of FDI shows that it has been a good source of improving efficiency of the productive sector through stimulation of economic growth and job creation.
Flows of foreign capital to developed and developing nations have continued to be a topical issue in literature. However, given its key role as driver in fostering growth, such capital had almost dried up between 1972 and 1985 in Nigeria because of public policies introduced by government which were considered to be anti foreign direct investment. The policy drive resulted to debt crisis as government and private investors embarked on massive foreign loan (Anyanwu; 1998).
However with the introduction of SAP in 1986, Nigeria began to receive once more substantial flow of foreign investment capital.
Get the Complete Project
This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.
Click here to Get this Complete Project Chapter 1-5
You can also check other Research Project here:
- Accounting Research Project
- Adult Education
- Agricultural Science
- Banking & Finance
- Biblical Theology & CRS
- Biblical Theology and CRS
- Biology Education
- Business Administration
- Computer Engineering Project
- Computer Science 2
- Criminology Research Project
- Early Childhood Education
- Economic Education
- Education Research Project
- Educational Administration and Planning Research Project
- English
- English Education
- Entrepreneurship
- Environmental Sciences Research Project
- Guidance and Counselling Research Project
- History Education
- Human Kinetics and Health Education
- Management
- Maritime and Transportation
- Marketing
- Marketing Research Project 2
- Mass Communication
- Mathematics Education
- Medical Biochemistry Project
- Organizational Behaviour
- Other Projects
- Political Science
- Psychology
- Public Administration
- Public Health Research Project
- More Research Project
- Transportation Management
- Nursing
Full Project – ANALYSIS OF DETERMINANTS AND IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECONOMY (1981-2013)
SEO Description: Full Project - ANALYSIS OF DETERMINANTS AND IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECONOMY (1981-2013) Click here to Get this Complete Project Chapter
Frequently Asked Questions
How do I get my choice complete project on any topic?
Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
Chat with us on WhatsApp or contact our Instant Help Desk for a custom research project on your topic.
How fast can I get this complete project on any project topic?
Within 15 minutes if you want this exact project topic without adjustment.
Is it a complete research project or just materials?
It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data.
What if I want to change the case study for this topic?
Chat with Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
How will I get my complete project?
Your Complete Project Material will be sent to your Email Address in Ms Word document format.
Can I get my Complete Project through WhatsApp?
Yes! We can send your Complete Research Project to your WhatsApp Number.
What if my Project Supervisor made some changes to a topic I picked from your website?
Call Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
Do you assist students with Assignment and Project Proposal?
Yes! Call Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
What if I do not have any project topic idea at all?
Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 708 7083 227.
How can I trust this site?
We are genuine and duly registered with the Corporate Affairs Commission. This site runs on Secure Sockets Layer (SSL), ensuring all transactions are highly secure and safe.
Our Customers are Happy
Ademola A.
★★★★★
I was skeptical at first, but after placing my order, my full project arrived in my email in under 15 minutes! The process was smooth, clear, and professional. Truly amazing service!
Kwabena K.
★★★★★
I needed a custom project on a new topic. Https://eduschooler.com delivered within 3 days, and the quality was outstanding. They even guided me on how to defend it. Highly recommend!
Michael H.
★★★★★
Fast, reliable, and very professional. My research project was delivered on time, with no hidden charges. The team is trustworthy and supportive.
Fatou B.
★★★★★
I got my full project in minutes and my custom request within 3 days. Their communication is clear, and the material is top-notch. Excellent experience!
James O.
★★★★★
https://eduschooler.com is a lifesaver! My project was delivered exactly as requested. The team is friendly, professional, and highly responsive. Very satisfied!
Ngozi E.
★★★★★
I was worried about paying online, but the team reassured me and delivered my complete project instantly. Transparent and professional service!
Ama S.
★★★★★
I requested a custom topic project and received it in just 3 days. The guidance and quality were excellent. I recommend eduschooler.com to everyone!
Sarah W.
★★★★★
The service is dependable and efficient. My project arrived on time, and every step was transparent. Truly a professional service I trust.
Emmanuel T.
★★★★★
Fast and reliable. My full project was delivered in minutes, and the custom project in 3 days. Communication was excellent throughout.
Aisha N.
★★★★★
Extremely satisfied with the service. My project was delivered promptly, fully transparent, and of high quality. A trustworthy academic partner!