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Responsiveness Of Economic Growth To Foreign Direct Investment And Exports In Nigeria, 1989-2014
The role of FDI and exports in the growth process has been a burning topic of debate in several countries including Nigeria. This study is an attempt to examine the responsiveness of economic growth to foreign direct investment and exports in Nigeria. The study used annual time series data from 1989 to 2014. The empirical model was analyzed using the econometric techniques of Ordinary Least square method. The study specifically sought to: (i) ascertain the impact of foreign direct investment on economic growth in Nigeria, (ii) determine the influence of exports on economic growth in Nigeria. The empirical analysis revealed the following findings, (i) foreign direct investment had a positive
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