AN EMPIRICAL ANALYSIS ON THE DETERMINANT OF FOREIGN DIRECT INVESTMENT IN NIGERIA (1980-2010)



ABSTRACT
This research work is focused on the determinants of foreign direct investment (FDI) and how it facilitates economic growth, as a result of which posed a problem. The study tries to examine if the determinants of foreign direct investment have significant impact on foreign direct investment in Nigeria within 1980-2010. However, in the course of the study, econometric methodology which employs Ordinary Least Square (OLS) technique was used. This method was adopted because of its Best Linear Unbiased Estimating (BLUE) properties. From the findings, the determinants of foreign direct investment have significant impact on foreign direct investment in Nigeria within the period under study. In the light of the findings, Central Bank of Nigeria should adopt policy that will favour foreign investors with regards on interest rate deregulation and exchange rate management.


AN EMPIRICAL ANALYSIS ON THE DETERMINANT OF FOREIGN DIRECT INVESTMENT IN NIGERIA (1980-2010)

TABLE OF CONTENTS
Title Page                                                                                      i
Approval Page                                                                              ii
Dedication                                                                                    iii
Acknowledgment                                                                         iv
Table of Contents                                                                          v
Abstract                                                                                         vii
CHAPTER ONE: Introduction 
1.1       Background of the Study                                                    1
1.2       Statement of the Problem                                                    3
1.3       Objectives of the Study                                                       6
1.4       Hypothesis of the Study                                                      6
1.5       Scope of the Study                                                               7
1.6       Limitations of the Study                                                     7
1.7       Significance of the Stud                                                      7
CHAPTER TWO: Literature Review
2.1       Theoretical Literature                                                         8
2.1.1   Investment Theories: A Brief Survey                               16
2.2       Empirical Literature                                                            22
CHAPTER THREE: Research Methodology 
3.1       Model of Specification                                                       34
3.2       Model Evaluation                                                                35
3.3       Source of Data                                                                      37
CHAPTER FOUR: Presentation and Analysis of Results
4.1       Presentation of Results                                                       38
4.2       Analysis of Results                                                              38
4.3       Test of Hypothesis                                                               40
4.4       Implication of the Study                                                                 40
CHAPTER FIVE:
Summary of Findings, Conclusion and Policy Recommendation 
5.1       Summary of the Findings                                                    42
5.2       Conclusion                                                                            43
5.3       Policy Recommendation                                                     43
Bibliography                                                                         45
Appendix I
Appendix II


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