Asymmetric Impact of FDI on Inclusive Growth in Nigeria
Abstract:This study investigates the asymmetric impact of Foreign Direct Investment (FDI) on inclusive growth in Nigeria over the period from 1991 to 2021. Non-linear autoregressive distributed lag (NARDL) model was employed. The findings of this study indicate that FDI has an asymmetric effect on inclusive growth in Nigeria. Positive changes in FDI inflows are found to have a significant and increasing impact on inclusive growth in the long run, while negative changes in FDI inflows are associated with a reduction in … Show more
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