Department of Accounting, Federal University, Wukari, Nigeria
Research Article
Impact of Infrastructures and Exchange on FDI Inflows in Nigeria: An ARDL Analysis
Author(s): Sani Abdul Rahman Bala* and Usman Mamuda Musa
This study investigated the impact of infrastructures availability proxied by electricity power consumption and exchange rate on the inflows of Foreign Direct Investment (FDI) to Nigeria. The study used annual data from 1984 to 2018. Unit root test and ARDL (bound test) and granger causality test are the econometric tools used in investigating the relationship between the variables. The unit root test indicates that FDI inflows and infrastructure, were stationary at level value 1(0) while exchange rate was stationary after first difference 1(1). Furthermore, the bound test (ARDL) results revealed that infrastructure and exchange rate have positive and statistically significant influence on the flow of FDI. The long run elasticity coefficient reveals that the 1%change in infrastructure and exchange rate will change FDI inflows by 2.42% and 0.34%. While 1% increase or decrease in the in.. Read More»
DOI:
10.37421/2162-6359.2023.12.698
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