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Author: Iyewumi Adeyele Publisher: LAP Lambert Academic Publishing ISBN: 9783659213618 Category : Languages : en Pages : 116
Book Description
It is a widely held opinion that the attainment of a robust economic growth and development in Nigeria will require, among other things, an increase in investment which will have to come primarily from the private sector. Viewed against the background of growing evidence of a link between investment and economic growth, the question of what determines private investment behavior in Nigeria therefore becomes an important one. Several studies in developing countries emphasize the importance of macroeconomic policy in explaining variations in investment, and in particular, identify the macroeconomic determinants of private investment to include; interest rates, output growth, public investment, bank credit to the private sector, inflation, real exchange rate, and the level of trade. This study proceeds in the same vein and evaluates the macroeconomic determinants of private investment in Nigeria by means of an estimation technique based on the co-integration and Vector Error Correction Model (VECM).
Author: Iyewumi Adeyele Publisher: LAP Lambert Academic Publishing ISBN: 9783659213618 Category : Languages : en Pages : 116
Book Description
It is a widely held opinion that the attainment of a robust economic growth and development in Nigeria will require, among other things, an increase in investment which will have to come primarily from the private sector. Viewed against the background of growing evidence of a link between investment and economic growth, the question of what determines private investment behavior in Nigeria therefore becomes an important one. Several studies in developing countries emphasize the importance of macroeconomic policy in explaining variations in investment, and in particular, identify the macroeconomic determinants of private investment to include; interest rates, output growth, public investment, bank credit to the private sector, inflation, real exchange rate, and the level of trade. This study proceeds in the same vein and evaluates the macroeconomic determinants of private investment in Nigeria by means of an estimation technique based on the co-integration and Vector Error Correction Model (VECM).
Author: Idowu Omowumi Publisher: LAP Lambert Academic Publishing ISBN: 9783659405624 Category : Languages : en Pages : 116
Book Description
The Analysis of Foreign Private Investment in Nigeria (1970-2010). ABSTRACT The aim of the study was to determine the major determinants of Foreign Private Investment (FPI) inflow in Nigeria comprising of Foreign Portfolio Investment and Foreign Direct Investment in the short and long run and also to ascertain the causality relationship between these two investments using secondary data sourced from the Central Bank of Nigeria statistical bulletins and the World Bank Development index (2008) from 1970-2010. The obtained results from the analysis were made possible using the Granger Causality Test, Johansen Co-integration test, and then the Error Correction Mechanism estimation test, having tested for unit root to avoid spuriousity.The study finds a long run relationship amongst the variables and reveals further that Foreign Private Investment into Nigeria have not been encouraging given the high inflation rate, rising external debt, lack of openness, and poor economic growth caused by frequent political instability factors, insecurity, poor infrastructures, and corruption.
Author: Benjamin Ayodele Folorunso Publisher: LAP Lambert Academic Publishing ISBN: 9783845473871 Category : Languages : de Pages : 140
Book Description
Developing countries are in dire need of sustainable economic growth and theoretical literature suggests the resurgence of private investment as a panacea for rapid economic growth. This calls for the examination of the determinants of private investment in the literature. Recent works have, however, indicated that the lost option value of investment and effect of uncertainty can be large but empirical literature on this issue is scanty in developing countries. The book, thus, examines private investment decisions in Nigeria and provides improved understanding and more dynamic framework for private investment decisions in the wake of irreversibility and uncertainty. The book concludes that high levels of uncertainty indicators cause private investment to decline while irreversibility affects the timing of private investment spending in the short run and makes private investors less eager to invest thus impacting negative effect on investment spending. The book is relevant to academia in the context of policy discussion on the causes of Africa's dismal growth performance and offers important guidelines for designing more effective policies as regards private investment decisions.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451977026 Category : Business & Economics Languages : en Pages : 30
Book Description
This paper analyzes the effects of several policy and other macro-economic variables on the ratio of private investment to GDP in developing countries. Using data for a sample of 23 developing countries over the period 1975-87, the econometric evidence indicates that the rate of private investment is positively related to the real growth rate of GDP, public sector investment, and to a lesser extent the level of per capita GDP, while it is negatively related to domestic inflation, the debt service ratio, the debt-to-GDP ratio, and high real interest rates. There is also some indication that all but the last of these variables had a greater impact before the onset of the debt crisis in 1982, while the debt-to-GDP ratio (a measure of a country’s debt overhang) has become more important since then.
Author: Iyewumi Adeyele
Author: Iyewumi Adeyele
Author: Yaw Owusu Asante
Author: Niringiye Aggrey
Author: Idowu Omowumi
Author: Dipo T. Busari
Author: Benjamin Ayodele Folorunso
Author: Julius Bogunjoko
Author: Shebeshi Ghebre
Author: International Monetary Fund
Author: Fatma Cosar