The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

Obiora Okechukwu; Glauco De Vita; Yun Luo

doi:10.1108/JES-11-2017-0317

The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

Obiora Okechukwu, Glauco De Vita, Yun Luo

Research output: Contribution to journal › Article › peer-review

16 Citations (Scopus)

71 Downloads (Pure)

Abstract

Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.
Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.
Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.
Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.

Original language	English
Article number	15
Pages (from-to)	1088-1103
Number of pages	16
Journal	Journal of Economic Studies
Volume	45
Issue number	5
DOIs	https://doi.org/10.1108/JES-11-2017-0317
Publication status	Published - 8 Oct 2018
Externally published	Yes

Keywords

FDI
Export
Non-oil sector

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Okechukwu_et_al_Impact_FDI_Nigerias_Exports_Journal_Economic_StudiesAccepted author manuscript, 813 KB

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Cite this

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title = "The Impact of FDI on Nigeria{\textquoteright}s Exports: A Sectoral Analysis",

abstract = "Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.",

keywords = "FDI, Export, Non-oil sector",

author = "Obiora Okechukwu and {De Vita}, Glauco and Yun Luo",

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doi = "10.1108/JES-11-2017-0317",

language = "English",

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pages = "1088--1103",

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T1 - The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

AU - Okechukwu, Obiora

AU - De Vita, Glauco

AU - Luo, Yun

PY - 2018/10/8

Y1 - 2018/10/8

N2 - Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.

AB - Purpose – The purpose of this paper is to examine the FDI-exports relationship in Nigeria using disaggregated FDI and export data.Design/methodology/approach – This paper applies the ARDL cointegration approach in examining the long-run relationship between FDI and exports.Findings – Our results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports.Originality/value – This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI-exports nexus in Nigeria.

KW - FDI

KW - Export

KW - Non-oil sector

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DO - 10.1108/JES-11-2017-0317

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M1 - 15

ER -

The Impact of FDI on Nigeria’s Exports: A Sectoral Analysis

Abstract

Keywords

UN SDGs

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