Abstract
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 language | English |
|---|---|
| Article number | 042073 |
| Journal | Journal of Physics: Conference Series |
| Volume | 1378 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 18 Dec 2019 |
| Event | 3rd International Conference on Engineering for Sustainable World, ICESW 2019 - Ota, Nigeria Duration: 3 Jul 2019 → 8 Jul 2019 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 8 Decent Work and Economic Growth -
SDG 17 Partnerships for the Goals
Keywords
- Economic Growth
- Foreign Direct Investment
- Government Expenditure
- Inflation Rate
- Nigeria
ASJC Scopus subject areas
- General Physics and Astronomy
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