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2011•Annals of Humanities & Development studiesRequires access

Determinants of Foreign Direct Investment and Nigerian Economic Performance (1970-2008)

ES Akpan, Amenawo Ikpa Offiong, JJ Ita, AA Esu

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Abstract

This study on foreign Direct Investment determinants and the Nigeria’s economy covering 38 years, was empirically done, and was discovered that exchange rate is a very important determinant influencing FDI inflow, and FDI is a significant variable influencing the economy (GDP) The study recommends that adequate programme (fight against corruption), structures and incentives (Tax exemption and reduced barriers) should be put in place to encourage FDI inflow. Key words : Gross domestic product, Foreign Direct Investment Inflation rate, Interest rate Money supply.

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What this paper is about

This study on foreign Direct Investment determinants and the Nigeria’s economy covering 38 years, was empirically done, and was discovered that exchange rate is a very important determinant influencing FDI inflow, and FDI is a significant variable influencing the economy (GDP) The study recommends that adequate programme (fight against corruption), structures and incentives (Tax exemption and reduced barriers) should be put in place to encourage FDI inflow. Key words : Gross domestic product, Foreign Direct Investment Inflation rate, Interest rate Money supply.

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Available abstract

This study on foreign Direct Investment determinants and the Nigeria’s economy covering 38 years, was empirically done, and was discovered that exchange rate is a very important determinant influencing FDI inflow, and FDI is a significant variable influencing the economy (GDP) The study recommends that adequate programme (fight against corruption), structures and incentives (Tax exemption and reduced barriers) should be put in place to encourage FDI inflow. Key words : Gross domestic product, Foreign Direct Investment Inflation rate, Interest rate Money supply.

Key concepts: Foreign direct investment, Exchange rate, International economics, Inflation (cosmology), Gross domestic product, Language change, Inflow, Economics

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