The impact of FDI on Nigeria’s export performance: a sectoral analysis

Obiora G. Okechukwu, Glauco De Vita and Yun Luo

Journal of Economic Studies, 2018, vol. 45, issue 5, 1088-1103

Abstract: Purpose - The purpose of this paper is to examine the foreign direct investment (FDI)–exports relationship in Nigeria using disaggregated FDI and export data. Design/methodology/approach - This paper applies the autoregressive distributed lag cointegration approach in examining the long-run relationship between FDI and exports. Findings - The results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports. Originality/value - This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI–exports nexus in Nigeria.

Keywords: Nigeria; Export; FDI (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jespps:jes-11-2017-0317

DOI: 10.1108/JES-11-2017-0317

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