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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Determinants of foreign direct investment in Nigeria: an error correction specification
Author:Chete, Louis N.ISNI
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subject:foreign investments
Abstract:Despite the existence of any number of incentives for foreign investors, foreign direct investment in Nigeria remains disappointing. Using a mix of economic variables and surrogates for political instability, the author explores the determinants of foreign direct investment in Nigeria for the period 1962-1992. Policy lessons which can be deduced from the findings include the need to moderate the rate of domestic inflation and the need to address Nigeria's external debt burden. Additional constraints to foreign direct investment are the deplorable state of the social and physical infrastructure, and political instability. Bibliogr., notes, ref., sum.