Economic growth effect of private capital inflows: a structural VAR approach for Nigeria

Anetor, Friday Osemenshan

doi:10.1108/jed-06-2019-0009

Cited by 10 publications

(10 citation statements)

References 24 publications

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“…An investigation by Anetor (2019) found that FDI accounts for significant growth in the Nigerian economy compared with other capital inflow into the economy, using data from 1961-2016, estimated by using the structural vector autoregression model (SVAR) to evaluate the effect of pricate capital inflowin the growth of Nigeria economy.…”

Section: Empirical Literature On Foreign Direct Investmentmentioning

confidence: 99%

The Effect of Foreign Direct Investment on the Economic Development of Nigeria

Omessah Obaro Roseline,

Orubu Christopher .O

2024

epra

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The study examined the effect of Foreign Direct Investment (FDI) on development in Nigeria. The ultimate goal of developing countries is to attain development. Most studies on the effect of Foreign Direct Investment on the development of the Nigerian economy used growth proxied by GPP as a measure of development. This study however uses the Human Development Index (HDI) which is a complementary measure of development as it considers the three aspect of development (health, knowledge and standard of living). Current data from secondary data source. were used Secondary data were collected and OLS estimation method was used for the analysis of data. The result shows that the stock of FDI inflow has a positive and statistically significant effect on Economic development in Nigeria. Therefore to experience sustainable development, government should aim at providing infrastructure and conducive trade and investment environment for both foreign and local investors.

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Section: Empirical Literature On Foreign Direct Investmentmentioning

confidence: 99%

The Effect of Foreign Direct Investment on the Economic Development of Nigeria

Omessah Obaro Roseline,

Orubu Christopher .O

2024

epra

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“…A more recent study by (Anetor, 2019) found that FDI accounts for the significant variation in Nigeria economic growth compared to other capital inflow into the country. Using quarterly data from 1961Q1-2016Q4, estimated using the Structural Vector Autoregression model Oyegoke O.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Foreign Direct Investment on Economic Growth in Nigeria

Oyegoke¹,

Aras²

2021

JOMEINO

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Traditionally, FDI is designed to improve the recipient economies thereby enhancing economic growth and development, it is in this view that many developing countries attract foreign investors with the hope of strengthening their economy by increasing the foreign investment portfolio. However, most empirical analysis of the impact of FDI on economic growth advises otherwise, hence, a controversy. According to the existing literature, some empirical results found a negative relationship between FDI and economic growth, while others opined that as FDI increases, it results in a boost of output productivity, hence a positive relationship between the variables (Emmanuel, 2016). Therefore, this study contributes to the existing literature by investigating the effects of FDI both on the owner, and the host country, using Nigeria as a case study.

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“…According to Anyanwu (2014), the most fundamental determinant of economic growth identified by both neoclassical and endogenous growth models is investment hence a lot of empirical work focus on it. Anetor (2018), using the impulse response function (IRF) and the forecast error variance decomposition of the structural vector autoregression (SVAR) model, finds in the case of Nigeria that shocks in foreign direct investment (FDI) inflows and portfolio investment inflows have a positive and significant impact on economic growth in Nigeria. In addition, FDIs accounted for significant variation in the growth of the Nigerian economy followed by portfolio investments, while personal remittances exerted the least variation in growth.…”

Section: Literature Review 21 the Determinants Of Economic Growthmentioning

confidence: 99%

Comparative effect of short-term credit granted to agriculture on agricultural added value in the West African countries

Oloukoï

2021

JED

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PurposeThe paper analyzes the response of agricultural value added to credit and real interest rate shocks in the West African Economic and Monetary Union (WAEMU) and make a short-term comparative effect analysis of credit granted to the agricultural sector on agricultural value added among member countries.Design/methodology/approachFirst, in order to estimate impulse response functions (IRFs) and study shocks, a panel VAR model is used. Second the paper uses an autoregressive distributed lag (ARDL) model with the associated error correction model to make a comparative analysis of the effect of agricultural credit on agricultural value added in the WAEMU.FindingsResults shows that: (1) credit stimulates agricultural value added only in the medium and long term; (2) in the case of WAEMU, credit only becomes a means of lifting the constraint of capital underutilization after three years; (3) short-term credit granted to agriculture in WAEMU has a weak and differentiated effect on agricultural value added from one country to another.Originality/valueThe originality of this paper is that it makes the link between macroeconomics and agriculture. It shows how the monetary instrument can be manipulated to improve the performance of agriculture. Actually, in WAEMU, the financing of agriculture is provided by the market. This paper proposes a new approach which is direct financing. The paper offers possibilities for the coordination of agricultural policies in the WAEMU.

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Economic growth effect of private capital inflows: a structural VAR approach for Nigeria

Cited by 10 publications

References 24 publications

The Effect of Foreign Direct Investment on the Economic Development of Nigeria

The Effect of Foreign Direct Investment on the Economic Development of Nigeria

Impact of Foreign Direct Investment on Economic Growth in Nigeria

Comparative effect of short-term credit granted to agriculture on agricultural added value in the West African countries

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