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| Title: | Technology transfer, foreign direct investment and economic growth in Nigeria |
| Authors: | Awosusi, Omojola Omowumi Awolusi, Olawumi Dele |
| Year: | 2014 |
| Periodical: | Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907) |
| Volume: | 39 |
| Issue: | 2 |
| Pages: | 1-20 |
| Language: | English |
| Geographic term: | Nigeria |
| Subjects: | foreign investments economic development international trade economic models |
| External links: | https://www.ajol.info/index.php/ad/article/view/121764 https://www.jstor.org/stable/afrdevafrdev.39.2.1 |
| Abstract: | The aim of this study is to investigate the long-run equilibrium relationship between various international factors and economic growth, as well as to assess the short-term impact of inward FDI, trade and economic growth on international technology transfer to Nigeria. To achieve this, the study used a time series data from 1970 to 2010. A multivariate co-integration technique developed by Johansen and Juselius (1990) was employed to investigate the long-run equilibrium relationships between the international factors and economic growth. The results of the analysis affirmed the existence of co-integrating vectors in the systems of this country during the study period (Lee and Tan 2006). The short-term impact of inward FDI, trade and economic growth on international technology transfer to Nigeria was also tested via Granger Causality test, based on the Vector Error-Correction Model. The results of the test revealed a short-run causal effect either running unidirectionally or bidirectionally among the variables for the country. Policy implications are highlighted at the end of this article. Bibliogr., notes, ref., sum. in English and French. [Journal abstract] |
