AN EMPIRICAL ANALYSIS OF INSTITUTIONAL QUALITY AND FOREIGN DIRECT INVESTMENT INFLOWS IN NIGERIA

Author:

Adenuga Idris Abiodun,

Abstract

This study investigated the relationship between the measures of institutional quality provided by the World Bank, World Governance Indicators and foreign direct investment inflows in Nigeria. The study used time-series data covering the period between 1996 and 2019. We sourced the data from the World Bank, World Development Indicators and World Governance Indicators databases. The measures of institutional quality used along with other selected control variables include voice and accountability, government effectiveness, rule of law, regulatory quality, control of corruption, political stability and the composite of these six variables. In order to control for endogeneity problem, we employed generalized method of moments (GMM) estimation for this study. The empirical results from GMM show that the composite institutional index, control of corruption, voice and accountability, government effectiveness, rule of law, and regulatory quality has a positive and insignificant effect on foreign direct investment inflows into Nigeria, while political stability has a negative and insignificant effect on foreign direct investment inflows. In light of these findings, this study concluded that the amount of foreign direct investment inflows into Nigeria reflect the poor institutional quality prevalent in Nigeria. This study therefore recommended that the Nigerian government should intensify measures to improve the institutional quality of Nigeria.

Publisher

Faculty of Economic Sciences, University of Oradea

Subject

Philosophy,Physical Therapy, Sports Therapy and Rehabilitation,Plant Science,Soil Science,Ecology,Psychiatry and Mental health,General Psychology,General Earth and Planetary Sciences,General Agricultural and Biological Sciences,General Biochemistry, Genetics and Molecular Biology,Surgery,Animal Science and Zoology,Ecology,Animal Science and Zoology,Law,Sociology and Political Science

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3