AN ASSESSMENT OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECONOMIC GROWTH (1990-2011)

ABSTRACT

This study assess the impact of Foreign Direct Investment in Nigerian economic growth over the period of 19902011. Data from Central Bank of Nigeria CBN Statistical Bulletin was used. The Ordinary Least Square OLS technique was specified and used to examine the relationship between the variables which includes the Gross Domestic Product as the dependent variable, export, Exchange rate, foreign direct investment and trade openness as the independent variables. The explanatory power of the model was given by the R2 of 85.5 and was subjected to ttest and ftest to test the significance of the independent variables.

TABLE OF CONTENT

Title page. i

Approval page.. ii

Dedication iii

Acknowledgement. iv

Abstract v

Table of content..vi

CHAPTER ONE: INTRODUCTION

1.1 Background of the study1

1.2 Statement of problem.3

1.3 Research Questions.4

1.4 Objective of the study4

1.5 Research Hypothesis6

1.6 Significance of the study8

1.7 Scope of the study.. 10

1.8 Limitation of the study11

CHAPTER TWO: LITERTURE REVIEW

2.1 Introduction.12

2.2 Theoretical Framework15

2.3 Foreign Direct Investment and Economic growth Empirical..17

2.4 FDI and competition in the Host market..20

2.5 Impact of FDI on Productivity22

2.6 Impact of FDI on Innovation.23

2.7 Impact of FDI on Technology Adoption24

2.8 Impact of FDI on Human Capital24

2.9 Factors Influencing Demand25

2.10 Factor Limiting Technology Transfers27

2.11 Benefits of FDI on Nigerias Economy29

CHAPTER THREE:

3.1 Research Methodology30

3.2 Model Specification..31

3.3 Method of Evaluation.32

3.4 Justification of the Model35

3.5 Data Required and Source..35

3.6 Econometric Software26

CHAPTER FOUR: PRESENTION AND ANALYSIS OF REGRESSION RESULT

4.1 Presentation of result.36

4.2 Analysis of the Result37

4.3 Evaluation of Research Hypothesis.38

CHAPTER FIVE: SUMMARY, POLICY RECOMMENDATION AND CONCLUSION

5.1 Summary of Findings42

5.2 Policy Recommendation..45

5.3 Conclusion.48

BIBIOGRAPHY

APPENDIX

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND