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Please use this identifier to cite or link to this item: http://repository.fuoye.edu.ng/handle/123456789/1213

Title: Foreign Direct Investment in Nigeria: Reassessing the Role of Market Size
Authors: AGU, OSMOND CHIGOZIE
OJIDE, MAKUACHUKWU GABRIEL
EKE, FELIX AWARA
Keywords: Foreign investment, Market Size, Economy size, Population,
ARDL model, Nigeria
Issue Date: Feb-2016
Publisher: International Journal of Academic Research in Business and Social Sciences
Series/Report no.: ISSN: 2222-6990;Vol. 6, No. 2
Abstract: Abstract This paper examines the influence of market size on foreign direct investment to Nigeria for the period 1970 – 2011. It answers the question: do multinational enterprises consider market size in the allocation of their foreign direct investment (FDI) to Nigeria? Unlike similar previous studies on Nigeria, this paper examines market size in terms of economy size and population size. Autoregressive Distributed Lag (ARDL) model and Granger Causality Tests were estimated. The results show that economy size and population size has positive and significant effect on foreign direct investment to Nigeria. Market size also Granger causes FDI to Nigeria. This paper, therefore, concludes that multinational enterprises consider Nigerian market size in the allocation of their foreign direct investment (FDI) to the country.
URI: http://repository.fuoye.edu.ng/handle/123456789/1213
ISSN: ISSN: 2222-6990
Appears in Collections:Economics and Development Journal Publications

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