Published: June 30‚ 2012 Foreign Direct Investment and Economic Growth in Nigeria: An Analysis of the Endogenous Effects Okon J. Umoh‚ 2Augustine O. Jacob and 1Chuku A. Chuku 1 Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria 2 Heritage Polytechnic‚ Eket Akwa Ibom State‚ Nigeria Abstract: This research endeavour set out to empirically investigate the relationship between foreign direct investment and economic growth in Nigeria between 1970 and 2008. The paper makes the proposition that there is
Premium Investment Economics Economic growth
Word count: 1188 Introduction Ever since industrialization occurred in Europe‚ America and parts of Asia‚ economic growth has been the major focus point of most governments. This quest arose because of the desire for higher economic status and political power. However‚ during this pursuit the subject of personal wellbeing and happiness came about. According to the PEW global survey (as cited in Stokes 2007)‚ it has been noted that‚ an increase in personal well being has a direct relationship with
Premium Happiness Happiness economics Economics
emphasis was put on the development of equity markets. India also followed this path. Stock markets grew rapidly in India during the late 1980s and early 1990s. Capital markets have taken a prominent place in the developing countries financial system during the last decade. Given this backdrop‚ it is important to assess the impact of stock markets on a countrys economic development. One of the most obvious and direct effect of the stock market is on the corporate sector of a country. This
Premium Corporate finance Economics Finance
Science Determinants of Foreign Direct Investment in Nigeria: An Empirical Analysis Obida Gobna Wafureα Abu‚ NurudeenΩ Abstract: The role of foreign direct investment in the development of Nigerian economy cannot be over emphasized. Foreign direct investment provides capital for investment‚ it enhances job creation and managerial skills‚ and possibly technology transfer. This paper investigates the determinants of foreign direct investment in Nigeria. The error correction technique was employed to analyze
Premium Investment Macroeconomics Foreign direct investment
The Impact of two agency problems on the cost of capital Tung-Hsiao Yang* Current Version: September 10‚ 2008 * Assistant Professor of Finance‚ National Chung Hsing University‚ Department of Finance‚ No. 250‚ Kuo Kuang Rd.‚ Taichung 40227‚ Taiwan‚ tyang1@nchu.edu.tw. The author thanks National Science Council for financial support in this project‚ NSC96-2416-H-005-026. The Impact of two agency problems on the cost of capital Abstract We test the relation between the cost of capital
Premium Rate of return Cash flow Principal-agent problem
Transnational Research Journals Full Length Research Paper An assessment of the impact of corporate social responsibility on Nigerian society: The examples of banking and communication industries Adeyanju‚ Olanrewaju David Department of Financial Studies Redeemer’s University‚ km 46‚ Lagos Ibadan Expressway Mowe‚ Ogun State E-mail: davfol@yahoo.com‚ Tel No.: 07037794073 Accepted 30 January‚ 2012 In the Nigerian society‚ Corporate Social Responsibilities [CSR] has been a highly cotemporary and
Premium Corporate social responsibility Social responsibility Business ethics
of civil order in modern days. Among those participants‚ Mexico and Nigeria has been spotlighted for the completely contrastive endings at the end of their long-adventures towards democratization since their independence; Mexico‚ from its independence‚ has maintained the political stability despite the authoritarian single-party regime and even accomplished the solid democratization at the time of the 2000 election whereas Nigerian regime has been deteriorated by a series of military cues d’états and
Premium Democracy Election Democratization
Religious Violence in Nigeria – the Causes and Solutions: an Islamic Perspective BY A. O. Omotosho Swedish Missiological Theme 2003‚ P. 15-31 Introduction M. M.C. K. Ajuluchukwu in his rejoinder to Northern Zone of the Christian Association of Nigeria’s booklet Leadership in Nigeria observes: “Ordinary Nigerian know nothing about inter-religious cleavages except when incited by their respective doctrinal leader. 1” This remark is a challenge and indictment to Nigerian religious leaders‚ and
Premium Islam Religion
THREE YEARS OF GSM REVOLUTION IN NIGERIA By Ernest C. Ndukwe‚ Executive Vice Chairman‚ Nigerian Communications Commission (NCC) INTRODUCTION ♦ Telecommunications is acknowledged as one of the most important infrastructures essential to the socio-economic well-being of any nation. ♦ The globalisation of world economy has further amplified the importance of telecommunications to the economy. ♦ The Telecommunication Sector is one of the fastest-growing sectors‚ and in terms of capitalization
Premium Telephone company Telecommunication Mobile phone
Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption‚ bureaucratic corruption‚ electoral corruption‚ embezzlement‚ and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens‚ government officials‚ and private
Premium Political corruption Business ethics Ethics