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Foreign Direct Investment In Nigeria: Evidence From Time Series Data, Akpan H. Ekpo
Foreign Direct Investment In Nigeria: Evidence From Time Series Data, Akpan H. Ekpo
Economic and Financial Review
This paper examines the relationship between foreign direct investment (FDI) in Nigeria and some macroeconomic variables. The preliminary empirical results, covering the period 1970-1994, suggest that high debt service and low credit ratings discourage FDI. FDI is also sensitive to real per capita income and low rates of inflation.