Macroeconomic as Basis of Economic Growth: An ARDL Approach

I. J. Oluwafemi, O. T. Laseinde

Research output: Contribution to journalConference articlepeer-review

4 Citations (Scopus)


We examined the effect of some selected macroeconomic factors reflecting on Nigeria economic growth between the periods of the year 1981 to the year 2015 using Auto Regressive Distributed Lag denoted as ARDL method. Findings revealed that foreign direct investment, and trade openness were the major factors that determine real gross domestic product, especially in the short run. On this basis, this paper, therefore, concluded that increase in the net flow from foreign investors from the rest of the world has a significant effect on the Nigeria economy as it increases the capital inflow and improves economic growth.

Original languageEnglish
Article number042073
JournalJournal of Physics: Conference Series
Issue number4
Publication statusPublished - 18 Dec 2019
Event3rd International Conference on Engineering for Sustainable World, ICESW 2019 - Ota, Nigeria
Duration: 3 Jul 20198 Jul 2019


  • Economic Growth
  • Foreign Direct Investment
  • Government Expenditure
  • Inflation Rate
  • Nigeria

ASJC Scopus subject areas

  • General Physics and Astronomy


Dive into the research topics of 'Macroeconomic as Basis of Economic Growth: An ARDL Approach'. Together they form a unique fingerprint.

Cite this