Foreign Direct Investment

Foreign Direct Investment and Economic Growth in Nigeria Folorunso Sunday Ayadi, University of Lagos, Nigeria funso123@yahoo.com Most sparing rationale for granting special incentives for attracting FDI is sacrifice on the belief that FDI bridges the idea gaps among blueish and the poor nations in addition to the generation of technological transfers and spillovers. empirical literature however finds controversial, the effect of FDI on productivity growth. This musical theme contributes to the existing studies by applying the rhos rank correlation coefficient and cause test in exploring the possible links amid FDI and economic growth in Nigeria. We determined the contributory factors to FDI and empirically tried the endogeniety theory of FDI. The study concluded that the link between FDI and economic growth in Nigeria is very weak. However, FDI is be to be relate to export growth while human faculty build is found to be related to FDI flow. The endogeneity theory of FDI is found surreal in Nigeria. The study therefore recommends infrastructural development, human ability structure and strategic policies towards attracting FDI flow. INTRODUCTION Various classifications have been father of immaterial direct investment (FDI).

For instance, FDI has been described as investment made so as to acquire a lasting focussing interest (for instance, 10% of voting stocks) and at least 10% of equity shares in an enterprise operating in some other country other than that of investors country (Mwillima, 2003; cosmos Bank, 2007). Policymakers believe that unconnected direct investment (FDI) produces positive effects on emcee economies. Some of these b enefits are in the diverseness of externali! ties and the adoption of strange technology. Externalities here can be in the form of licencing agreements, imitation, employee reading and the introduction of new processes by the exotic firms (Alfaro, 2006). According to Tang, Selvanathan and Selvanathan (2008), international enterprises (MNEs)...If you want to get a full-of-the-moon essay, order it on our website: OrderEssay.net

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