Foreign Direct Investment Spillovers Within and Between Sectors: Evidence from a Developing Economy

Oluwasheyi Oladipo ()
Additional contact information
Oluwasheyi Oladipo: State University of New York at Old Westbury

No 9011028, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: With volatile global capital flows, the stability of FDI and its emergence as an important source of foreign capital for developing economies has renewed interest in its linkages with sustainable economic growth in developing countries. FDI is crucial as it influences production, employment, income, prices, imports, economic growth, balance of payments and the general welfare of the recipient country. Nigeria has attracted huge inflows of FDI over the last decade?from $1.14 billion in 2001 to $4.4 billion in 2016. Though FDI has been concentrated in the oil and gas sectors, the government is now seeking to channel it into the communication, manufacturing and financial services sectors.The broad objective of this study is to examine the spillover effect from oil FDI on the Nigerian economy: (i) is there positive micro linkage from the oil FDI on the domestic economy in Nigeria? (ii) are there positive spillover effects from oil FDI to domestic labor markets in Nigeria?We will trace which sectors/subsectors are recipients of these linkages. How have foreign oil multinationals helped the domestic firms in terms of technology transfer, and employment linkages? What are the linkages between the foreign oil companies and the domestic Petroleum Training Institute in terms of technology transfer on one hand and employment of the Institute?s graduates on other hand? Are the policies embarked upon to attract FDI and ensure its spillover to other sectors of the Nigerian economy sufficient to stimulate economic growth?

Keywords: FDI; sectoral spillovers; economic development (search for similar items in EconPapers)
JEL-codes: F21 F35 O11 (search for similar items in EconPapers)
Pages: 1 page
Date: 2019-06
New Economics Papers: this item is included in nep-afr, nep-cse and nep-int
References: Add references at CitEc
Citations:

Published in Proceedings of the Proceedings of the 45th International Academic Conference, London, Jun 2019, pages 199-199

Downloads: (external link)
https://iises.net/proceedings/iises-international- ... 90&iid=030&rid=11028 First version, 2019

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:sek:iacpro:9011028

Access Statistics for this paper

More papers in Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().