The effect Foreign Portfolio Investment on Economic Growth in Nigeria
M. O. Ndugbu, K. C. Otiwu, L. N. Uzowuru
South Asian Journal of Social Studies and Economics · pp. 43–53 · Published 9 Jul 2021
10.9734/sajsse/2021/v11i330288Abstract
This study examined the relationship between foreign portfolio investment and economic growth in Nigeria between the periods 1986 to 2017. The study employed the Vector Error Correction model (ECM) and granger causality. Market capitalization, foreign portfolio investment and trade openness were the independent variables while gross domestic product is proxy for economic growth in Nigeria. Findings revealed that of the three study variables, trade openness and market capitalization proved to be significant in promoting economic growth in Nigeria while foreign portfolio investment is negative and insignificant. As such, we recommend that policy makers should endeavour to boost the capital market activities so as to foster capital transactions and subsequently increase economic performance and growth in the nation.
Cited by 4
Rosdiana Sijabat · Economies · 2023
Samuel Antwi, Anthony Buawolor Tetteh, Patience Armah · The Journal of International Trade & Economic Development · 2024
Courage Mlambo · International Journal of Research in Business and Social Science (2147- 4478) · 2022
Showing 3 of 4 known citations — external sources report more than can currently be individually listed.
Related research
- Impact of Revenue Collection on Economic Growth in Zanzibar — shares topic coverage
- The Implication of Foreign Aid on Economic Growth in Nigeria — shares topic coverage
- Agriculture Productivity and Economic Growth in India: An Ardl Model — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
4
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.