Forecasting international technology transfer and international trade in Nigeria: a time series analysis

Olawumi Dele Awolusi

International Journal of Management and Network Economics, 2012, vol. 2, issue 3, 282-297

Abstract: The objective of this study was to investigate the long-run equilibrium relationships among the international factors and domestic investment, as well as, to assess the short-term impact of inward foreign direct investment (FDI), trade, domestic investment and economic growth on international technology transfer to Nigeria from 1970 to 2010. A multivariate cointegration technique developed by Johansen and Juselius (1990) was employed to investigate the long-run equilibrium relationships. The results of the analysis affirmed the existence of cointegrating vectors in the systems of this country, during the study period (Lee and Tan, 2006). The short-term impact of inward FDI, trade and domestic investment on international technology transfer to Nigeria was also tested via Granger causality test, based on vector error-correction model. The results of the test revealed a short-run causal effect either running unidirectionally or bidirectionally among the variables for the country. Finally, all the variables in the Nigerian systems were adjusting to equilibrium in the long run, with the exception of domestic investment (DI), which failed to do the adjustment in the long run. Policy implications were highlighted at the end of this report.

Keywords: international technology transfer; ITT; foreign direct investment; FDI; international trade; time series analysis; Nigeria. (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=48515 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmnec:v:2:y:2012:i:3:p:282-297

Access Statistics for this article

More articles in International Journal of Management and Network Economics from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().