Author/Authors
Awosusi, Omojola Omowumi University of Ado Ekiti - Faculty of Social Sciences - Department of Sociology, Nigeria , Awolusi, Olawumi Dele Babcock University - School of Management and Social Sciences - Department of Business Administration and Marketing, Nigeria
Title Of Article
Technology Transfer, Foreign Direct Investment and Economic Growth in Nigeria
شماره ركورد
21975
Abstract
The aim of this study is to investigate the long-run equilibrium relationship between various international factors and economic growth, as well as to assess the short-term impact of inward FDI, trade and economic growth on international technology transfer to Nigeria. To achieve this, the study used a time series data from 1970 to 2010. A multivariate co-integration technique developed by Johansen and Juselius (1990) was employed to investigate the long-run equilibrium relationships between the international factors and economic growth. The results of the analysis affirmed the existence of co-integrating vectors in the systems of this country during the study period (Lee and Tan 2006). The short-term impact of inward FDI, trade and economic growth on international technology transfer to Nigeria was also tested via Granger Causality test, based on Vector Error-Correction Model. The results of the test revealed a short-run causal effect either running unidirectionally or bidirectionally among the variables for the country. Policy implications are highlighted at the end of this article.
From Page
1
JournalTitle
Africa Development
To Page
20
JournalTitle
Africa Development
Link To Document