ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE
PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE
TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO
PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN
CALL: 08068231953, 08168759420
An
Assessment Of The Impact Of Foreign Direct Investment On Nigerian Economic
Growth
ABSTRACT
This study
assess the impact of Foreign Direct Investment in Nigerian economic growth over
the period of 1990-2011. 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 t-test and f-test to test the significance of the independent variables.
TABLE OF
CONTENT
Title page……………………………………………………………………………
Approval page……………………………………………………………………ii
Dedication……………………………………………………………………………
Acknowledgement………………………………………………………………
Abstract ………………………………………………………………………………
Table of
content……………………………………………………………
CHAPTER ONE:
INTRODUCTION
1.1 Background
of……………………………thestudy………………………………………
1.2
Statement…………………………………………………………….ofproblem3
1.3 Research ………………………Questions……………………………………………4
1.4
Objective……………………………………ofthestudy…………………………………4
1.5
Research………………………………Hypothesis…………………………………………6
1.6
Significance……………………………………………ofthestudy………………………8
1.7 Scope
of the study………………………………………..
10
1.8 Limitation of
the study………………………………11
CHAPTER TWO:
LITERTURE REVIEW
2.1 Introduction……………………………………………………………………………12
2.2 Theoretical Framework……………………………………15
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
Productivity………………………………………………………………………22
2.6 Impact of
FDI on Innovation…………………….23
2.7 Impact of FDI on Technology
Adoption……………………………………………
2.8 Impact of FDI on Human
Capital………………………………………………………
2.9 Factors Influencing
Demand…………………………………………………………………
2.10 Factor
Limiting Technology Transfers…………………………………………
2.11 Benefitss
ofEconomyFDIon……………………………………………Nigeria’
CHAPTER
THREE:
3.1 Research Methodology…………………………………………………………30
3.2 Model Specification…………………………………………31
3.3 Method of
Evaluation…………………………………………………………………………32
3.4 Justification of
the Model……………………35
3.5 Data Required…………………………………………………………………andSource35
3.6 Econometric Software………………………………………26
CHAPTER
FOUR: PRESENTION AND ANALYSIS OF REGRESSION RESULT
4.1
Presentation………………………………………ofresult…………………………………
4.2 Analysis of the Result…………………………………………………………37……
4.3 Evaluation of
Research Hypothesis38……
CHAPTER
FIVE: SUMMARY, POLICY RECOMMENDATION AND CONCLUSION
5.1 Summary of
Findings…………………………………………42
5.2 Policy Recommendation……………………………………45
5.3 Conclusion………………………………………………………………………………………48
BIBIOGRAPHY
APPENDIX
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Investors’decisionsand
actions globally are influenced significantly by the dictates of self-interest
which suggests that capital, not only be channeled to high-yielding economic
sectors but also to those that are ostensibly quick yielding economies. On
balance therefore investors would spun profitable opportunities characterized
by extreme competitions, market glut, unfavorable regulation, long gestation
periods and opt instead for investments that yield high returns within the
shortest time possible. Base on this view, investors generally migrate from
one economy
to another in search of better investment climate and higher returns.
This form of
capital movement results in the creation of a typical investment called Foreign
Direct Investment. In the opinion of Jomo (1988) Foreign Direct Investment can
be explained to represent the flow of tangibles from a country abroad of
capital, equipment and other production and processing facilities into a host
economy. It is also defined as a long term investment reflecting a lasting
interest and control by a foreign direct investors (or parent enterprise), of
an enterprise entity residents in an economy other than that of the foreign
investor (IMF, 1993).
Foreign
Direct Investment is widely thought to bring with it into the host country a
bundle of productive assets including long term foreign capital,
entrepreneurship, technology skills, innovative capacity and managerial,
organizational and export marketing know-how. The distinctive feature of
Foreign Direct Investment is that it involves not only a transfer of resources
but also the acquisition of control. i.e the subsidiary does not simply have a
financial obligation to the parent company, if is part of the same
organizational structure (Krugman and Obstfeld,2000). Foreign Direct Investment
involves much more
than the
simple transfer of capital or the establishment of a local factory in a
developing nation. Multinational carry with them technologies of production,
tastes and diverse business practices including cooperative arrangement,
marketing restrictions advertising and the phenomenon of transfer pricing. They
engage in a range of activities, many of which have little to do with the
development aspirations of the countries in which they operate. (Todaro, 2000).
Temle (1999)
demonstrates that technical changes and technological learning which are
significant components of Foreign Direct Investment represent important
determinants of economic growth. Furthermore, it is relevant to add that
technology is generated by Research and Development (R&D), most of which is
conducted in industrialized countries making technology transfer very important
for economic prosperity of countries with weak Research and Development
(R&D) and innovation capacities.
Political
and economic policies bothering on FDI assist immensely in stimulating the
economic growth of the recipient nations Chang(2001) believes that in the
16th and
17th centuries deliberate transfer policies of King Henry viii made Britain a
leading manufacturing nation. Among the hotly debated issues in development,
economics is
the role played presently by FDI in export performance of developing countries
such as the case of East and South East Asian country.
FDI flows to
Africa have expanded only marginally and are still at levels behind those of
other developing countries. The region accounted for less than 1% of the global
total FDI inflows in the late part of 1990s (Odenthal, 2001) while inflows to
developing countries as a group increased from U.S $20billion to U.S
$75billion
between 1981 and 1985. Africa’s share
(UNCTAD
1999).
Historically,
low rates of FDI inflows to the region and Nigeria in particular are explained
by hostile policies, unstable political environment characterized by civil wars
and armed conflicts, lack of effective regional integration efforts, poor and
deteriorating infrastructure, burdensome regulations or lack of institutional
capacity to implement FDI to establish confidence.
1.2 STATEMENT OF PROBLEM
In recent
time, the government of Nigeria has embarked on economic policies to check the
flow of Foreign Direct Investment (FDI) in certain sectors of the economy.
Admittedly, how to achieve rapid economic growth and
development
through FDI which has proved to be one of the economic problems facing Nigeria.
Therefore,
this work tend to analyze critically the following:
i. The determinants of FDI in emerging
economy such as Nigeria.
ii. The impact of Foreign Direct
Investment on the growth of Nigerian economy.
iii. To analyze the increase in local
wage cost through payment of wages by Multinational Corporations (MNC)
affiliates.
iv. To examine the importation of
capital intensive and cost dates technology.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank
Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment