Determinants of Foreign Direct Investment in Nigeria: Political Factor Effects Revisited

Waheed Ibrahim and Benjamin Omoniyi

MPRA Paper from University Library of Munich, Germany

Abstract: The paper examines the determinants of Foreign Direct Investment (FDI) in Nigeria during 1970 – 2006. cointegration techniques reveal that the major determinants of FDI are market size, real exchange rate and political factor thereby validating theoretical expectations. Furthermore, simulations using impulse response and variance decomposition analysis suggest that uncontrolled trade liberalization must be avoided.

Keywords: Keywords: FDI; Cointegration; Impulse response; variance decomposition (search for similar items in EconPapers)
JEL-codes: E2 E22 (search for similar items in EconPapers)
Date: 2011, Revised 2012
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Citations: View citations in EconPapers (3)

Published in Journal of Social Sciences No 1.Vol 3(2012): pp. 34-46

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59429

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