FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA
Foreign direct investment (FDI) has been a significant source of capital needed for manufacturing firm performance in most nations for many years. FDI introduces cutting-edge technological transfer, enhances production methods, boosts competitiveness, and maximizes capacity utilization, resulting i...
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| Format: | Article |
| Language: | English |
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Association of Social and Educational Innovation
2023-10-01
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| Series: | International Journal of Social and Educational Innovation |
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| Online Access: | https://journals.aseiacademic.org/index.php/ijsei/article/view/318 |
| _version_ | 1827256782684160000 |
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| author | Ahmed Oluwatobi ADEKUNLE |
| author_facet | Ahmed Oluwatobi ADEKUNLE |
| author_sort | Ahmed Oluwatobi ADEKUNLE |
| collection | DOAJ |
| description |
Foreign direct investment (FDI) has been a significant source of capital needed for manufacturing firm performance in most nations for many years. FDI introduces cutting-edge technological transfer, enhances production methods, boosts competitiveness, and maximizes capacity utilization, resulting in increased output for the manufacturing sector. This study evaluates the impacts of FDI on manufacturing sector's performance in Nigeria. Data were collected, and an autoregressive distributed lags model is employed to analysis the data. The results demonstrated that FDI enhances manufacturing sector performance and that macroeconomic factors have a favorable impact on FDI. A long-run relationship exists between FDI and manufacturing capacity utilization. The relationship between FDI and the performance of the manufacturing sector follows the bidirectional Granger causality. The study recommends that the government to take action to promote trade openness in order to draw in more FDI.
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| first_indexed | 2024-03-11T16:38:42Z |
| format | Article |
| id | doaj.art-f0e95f30555e46e58c87503beaedc0d1 |
| institution | Directory Open Access Journal |
| issn | 2393-0373 |
| language | English |
| last_indexed | 2025-03-22T01:44:23Z |
| publishDate | 2023-10-01 |
| publisher | Association of Social and Educational Innovation |
| record_format | Article |
| series | International Journal of Social and Educational Innovation |
| spelling | doaj.art-f0e95f30555e46e58c87503beaedc0d12024-05-08T16:30:22ZengAssociation of Social and Educational InnovationInternational Journal of Social and Educational Innovation2393-03732023-10-011020FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIAAhmed Oluwatobi ADEKUNLE0Kwara State University, Nigeria Foreign direct investment (FDI) has been a significant source of capital needed for manufacturing firm performance in most nations for many years. FDI introduces cutting-edge technological transfer, enhances production methods, boosts competitiveness, and maximizes capacity utilization, resulting in increased output for the manufacturing sector. This study evaluates the impacts of FDI on manufacturing sector's performance in Nigeria. Data were collected, and an autoregressive distributed lags model is employed to analysis the data. The results demonstrated that FDI enhances manufacturing sector performance and that macroeconomic factors have a favorable impact on FDI. A long-run relationship exists between FDI and manufacturing capacity utilization. The relationship between FDI and the performance of the manufacturing sector follows the bidirectional Granger causality. The study recommends that the government to take action to promote trade openness in order to draw in more FDI. https://journals.aseiacademic.org/index.php/ijsei/article/view/318FDIAutoregressive Distributed Lags ModelGranger Causality |
| spellingShingle | Ahmed Oluwatobi ADEKUNLE FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA International Journal of Social and Educational Innovation FDI Autoregressive Distributed Lags Model Granger Causality |
| title | FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA |
| title_full | FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA |
| title_fullStr | FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA |
| title_full_unstemmed | FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA |
| title_short | FOREIGN DIRECT INVESTMENT AND MANUFACTURING SECTOR PERFORMANCE: AN EMPIRICAL ANALYSIS FROM NIGERIA |
| title_sort | foreign direct investment and manufacturing sector performance an empirical analysis from nigeria |
| topic | FDI Autoregressive Distributed Lags Model Granger Causality |
| url | https://journals.aseiacademic.org/index.php/ijsei/article/view/318 |
| work_keys_str_mv | AT ahmedoluwatobiadekunle foreigndirectinvestmentandmanufacturingsectorperformanceanempiricalanalysisfromnigeria |