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The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis
The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis
Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.
Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.
Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.
Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.
Nigeria, Export, FDI
0144-3585
1088-1103
Okechukwu, Obiora
0dda9286-387b-4513-bee3-6553bd26fa24
De Vita, Glauco
002fc6bf-e5ed-4a13-8993-0ce5e1fc2005
Luo, Yun
2ac0f228-573d-43e7-b309-1529b6f3d174
Okechukwu, Obiora
0dda9286-387b-4513-bee3-6553bd26fa24
De Vita, Glauco
002fc6bf-e5ed-4a13-8993-0ce5e1fc2005
Luo, Yun
2ac0f228-573d-43e7-b309-1529b6f3d174

Okechukwu, Obiora, De Vita, Glauco and Luo, Yun (2018) The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis. Journal of Economic Studies, 45 (5), 1088-1103. (doi:10.1108/JES-11-2017-0317).

Record type: Article

Abstract

Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.
Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.
Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.
Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.

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Okechukwu_et_al_Impact_FDI_Nigerias_Exports_Journal_Economic_Studies - Accepted Manuscript
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More information

Accepted/In Press date: 28 February 2018
Published date: 8 October 2018
Keywords: Nigeria, Export, FDI

Identifiers

Local EPrints ID: 438355
URI: http://eprints.soton.ac.uk/id/eprint/438355
ISSN: 0144-3585
PURE UUID: 08fc0be6-251c-41df-97fc-ff8a8d94ec7e
ORCID for Yun Luo: ORCID iD orcid.org/0000-0001-8409-366X

Catalogue record

Date deposited: 06 Mar 2020 17:33
Last modified: 28 Apr 2022 02:29

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Contributors

Author: Obiora Okechukwu
Author: Glauco De Vita
Author: Yun Luo ORCID iD

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