Effect of ease of doing business dimensions on foreign direct investment in Nigeria

Iweama, Vincent Okwudili; Idoko, Edwin Chukwuemeka; Muhammad, Yusuf Musa

doi:10.54647/management63054

Cited by 2 publications

(3 citation statements)

References 4 publications

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“…The findings demonstrated a favourable relationship between general business accessibility and firm creation, although the starting a business component of the relationship was most important. However, Iweama et al (2021) used a single nation and employed the OLS technique to study the aspects of EDB and FDI. The results showed that indicators such as transportation, power availability and security had a substantial impact on FDI in Nigeria.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…However, whether these indicators have influenced investment decisions among West African countries, especially in terms of domestic investment and FDI inflows, has rarely been investigated by researchers. Previous studies, such as Bayraktar (2013), Bigsten and Söderbom (2011), Hossain et al (2018), Iweama et al (2021), Njuguna and Nnadozie (2022), Nkansah‐Dwamena and Yoon (2022) and Nketiah‐Amponsah and Sarpong (2020), found that EDB plays a significant role in attracting FDI inflows. However, security issues are particularly critical for ensuring business continuity (Frey et al, 2007).…”

Section: Introductionmentioning

confidence: 96%

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Ease of doing business and investment among West African countries

Ijirshar,

Nomkuha,

Bura

et al. 2023

African Development Review

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This study assessed the link between ease of doing business (EBD) and investment among 11 selected countries in West Africa covering 2006-2020. The study used the fixed-effects estimator, the random-effects estimator, the augmented mean-group method, and the Half-Panel Jackknife Wald-type test.The study found a bidirectional relationship between the EBD and foreign direct investment (FDI) and a unidirectional relationship running from EBD to domestic investment. The findings further revealed that the EBD and national income have a strong influence in determining the level of domestic investment and FDI inflows, and that some indicators of EBD, such as the procedure for starting a business, access to credit facilities, tax, and security threats, discourage domestic investment and FDI inflows, in contrast to the influence of obtaining electricity and national income on investment. The study suggests that West African governments reduce taxes, ease the procedures and costs of starting a business and dealing with construction permits, and increase the availability of credit facilities at lower interest rates to promote investment in the region.domestic investment, ease of doing business, foreign direct investment, investment, West Africa | INTRODUCTIONSeveral economies rely on their level of investment to achieve economic and developmental goals. As explained by Keynes, national income rises when investment increases (Ono, 2011). This means that investment determines the growth and development of developing nations. It also helps in the transfer of technology and skills that accelerate the growth process in developing countries (Ho & Rashid, 2011). A higher level of investment also creates jobs and generates income that is spent and reinvested. Developing and underdeveloped economies in their developmental quest and process are becoming increasingly conscious of the fact that investment is a major stimulus to economic growth given the inadequacy of financial resources, technology, and skills. According to Ijirshar et al. (2019), investment improves the standard of living of citizens and drives economic growth. It is one of the major components in aggregate income analysis (Kukaj & Ahmeti, 2016). Anyanwu ( 2006) also shows the relevance of investment as an engine of economic growth for developing economies.

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Section: Empirical Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 96%

Ease of doing business and investment among West African countries

Ijirshar,

Nomkuha,

Bura

et al. 2023

African Development Review

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“…According to the latest research (Okwudili Iweama et al 2021), the overall EoDB indicators directly impacted FDI in Nigeria. The power supply, security, and transportation dimensions of the EoDB had a substantial but adverse effect on FDI.…”

Section: Literature Review and Research Gapmentioning

confidence: 99%

Insolvency resolution and doing business reforms in BRICS Nations: A comparative study

Chawla¹,

Kumar²,

Patel

2022

Preprint

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This paper analyzes the factors responsible for the efficacy of resolving insolvency issues, influencing the ease of doing business (EoDB) ranking in the BRICS (Brazil-Russia-India-China-South Africa) nations' context, focusing on India. Besides, the study examines the legal framework and judicial decisions on insolvency resolution that boost stakeholders' confidence and improve the business environment. We applied descriptive statistics, the analytical hierarchy process (AHP), and the fuzzy analytical hierarchy process (F-AHP) to analyze and interpret the findings. The key results show that insolvency resolution has been one of the priorities of the governments of Brazil, Russia, and China for almost a decade. Resolving insolvency is the prime factor responsible for India's rank improvement, whereas it is not a priority for South Africa. The AHP calculations prove the Indian government's commitment to insolvency resolution, syncing with experts' opinions. Future EoDB studies concerning other nations may employ the AHP techniques, bringing new results.. The findings add value to the knowledge base on insolvency resolution, contributing to the EoDB ranking vis-a-vis the business environment and providing a broader implication for further research.

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Effect of ease of doing business dimensions on foreign direct investment in Nigeria

Cited by 2 publications

References 4 publications

Ease of doing business and investment among West African countries

Ease of doing business and investment among West African countries

Insolvency resolution and doing business reforms in BRICS Nations: A comparative study

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