ADEWUNMI, K.A (2019) FOREIGN PORTFOLIO INVESTMENT AND NIGERIAN ECONOMIC GROWTH ADEWUNMI. JOURNAL OF MANAGEMENT TECHNOLOGY (JOURMATECH), FEDERAL POLYTECHNIC ILARO. SCHOOL OF MANAGEMENT STUDIES., 5 (1). pp. 141-156. ISSN 117 1847
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Abstract
This study investigated Foreign Portfolio Investment (FPI) and Nigerian economic growth from 1988 to 2017. The Ordinary Least Square using the statistical tool of E-view 9 was employed in analyzing the data. The dependent variable is Gross Domestic Product proxied for economic growth while independent variables include Foreign Portfolio Investment, exchange rate and inflation rate. This data was sourced and obtained from CBN statistical bulletin. Findings through the empirical investigation identified that Foreign Portfolio Investment and inflation rate has no significant impact on the growth of Nigerian economy while exchange rate is the only variable which has a positive and significant impact on economic growth in Nigeria. The f-statistic results shows that all the explanatory/independent variables of in the specified model have significant effect on Gross Domestic Product. The study therefore concluded that Foreign Portfolio Investment has a significant effect on growth of economic growth in Nigeria considering the relative importance of portfolio investment to emerging market like Nigeria. Based on the findings, the study recommended that government should make favourable trade policies and investment conditions friendlier in order to boost continuous inflow of foreign portfolio investment in Nigeria.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Miss Ayomikun Ogunbadejo |
| Date Deposited: | 25 Aug 2020 14:21 |
| Last Modified: | 25 Aug 2020 14:21 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1143 |
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