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Determinants of Foreign Direct Investment in Nigeria: Political Factor Effects Revisited

ibrahim, waheed and Omoniyi, Benjamin (2011): Determinants of Foreign Direct Investment in Nigeria: Political Factor Effects Revisited. Published in: Journal of Social Sciences , Vol. Vol 3, No. No 1 (June 2012): pp. 34-46.

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Abstract

The paper examines the determinants of Foreign Direct Investment (FDI) in Nigeria during 1970 – 2006. cointegration techniques reveal that the major determinants of FDI are market size, real exchange rate and political factor thereby validating theoretical expectations. Furthermore, simulations using impulse response and variance decomposition analysis suggest that uncontrolled trade liberalization must be avoided.

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