MODELLING FOREIGN DIRECT INVESTMENT FLOWS DURING THE GLOBAL FINANCIAL CRISIS PERIOD: THE CASE OF NIGERIA
Bernard Olagboyega Muse Ph.D
Having recognized that the assertion that developing economies are insulated from the impact of the recent global financial crisis is not evidence based, this study therefore aims to examine empirically, whether foreign direct investment inflow to Nigeria respond significantly to the recent global financial crisis during the crisis period. In order to highlight this, we quantify the global financial crisis using dummy regression model. The result shows that variation in the FDI inflow to Nigeria during the period of the recent financial crisis may not be empirically attributed to the financial crisis per se, but to the country’s market size and macroeconomic stability.
JEL Classification: C22, F02, F21, F40
KEYWORDS: Foreign Direct Investment; Financial Crisis; Nigeria; Dummy Regression Model
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Vol | : | 6 |
Issue | : | 10 |
Month | : | October |
Year | : | 2018 |