Ndugbu, M. O. and Otiwu, K. C. and Uzowuru, L. N. (2021) The effect Foreign Portfolio Investment on Economic Growth in Nigeria. South Asian Journal of Social Studies and Economics, 11 (3). pp. 43-53. ISSN 2581-821X
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Abstract
This study examined the relationship between foreign portfolio investment and economic growth in Nigeria between the periods 1986 to 2017. The study employed the Vector Error Correction model (ECM) and granger causality. Market capitalization, foreign portfolio investment and trade openness were the independent variables while gross domestic product is proxy for economic growth in Nigeria. Findings revealed that of the three study variables, trade openness and market capitalization proved to be significant in promoting economic growth in Nigeria while foreign portfolio investment is negative and insignificant. As such, we recommend that policy makers should endeavour to boost the capital market activities so as to foster capital transactions and subsequently increase economic performance and growth in the nation.
Item Type: | Article |
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Subjects: | OA Library Press > Social Sciences and Humanities |
Depositing User: | Unnamed user with email support@oalibrarypress.com |
Date Deposited: | 16 Jan 2023 09:48 |
Last Modified: | 25 May 2024 08:55 |
URI: | http://archive.submissionwrite.com/id/eprint/41 |