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FDI, human capital and economic growth: evidence from Nigeria


Aminu, Abubakar Mikailu and Mhd Bani, Nor Yasmin (2017) FDI, human capital and economic growth: evidence from Nigeria. In: Global Conference on Business and Economics Research (GCBER) 2017, 14-15 Aug. 2017, Universiti Putra Malaysia, Serdang, Selangor. (pp. 413-419).

Abstract / Synopsis

This paper investigates the impact of foreign direct investment (FDI) and human capital on economic growth in Nigeria. The study utilizes the Autoregressive Distributed Lag (ARDL) model of cointegration covering the period 1975 to 2014. The findings reveal that FDI and human capital have no direct effect on the growth of the Nigerian economy over the sampled period in the long-run. However, when we interact FDI and human capital, the effect is positive and significant. This suggests that in Nigeria, human capital would positively encourage FDI and that taken together; it would significantly and positively impact the economic growth of the country. The findings suggest that in order to boost output through FDI, Nigeria would need to improve the educational situation in the country by increasing the level of funding especially in the research, development and innovations.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: FDI; Human capital; Economic growth; ARDL
Depositing User: Nabilah Mustapa
Date Deposited: 01 Feb 2018 09:57
Last Modified: 01 Feb 2018 09:57
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