Foreign Direct Investment and Its Impact on Economic Performance: The Case of Turkey and Nigeria

Temiz, Dilek; Gökmen, Aytaç; Abubakar, Mustapha

doi:10.1080/15475778.2015.1095572

Cited by 3 publications

(3 citation statements)

References 43 publications

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“…Furthermore, the examination of the dynamic impact of random disturbances on a system of variables can be approached through alternative methodologies, expanding the existing literature beyond the traditional multiple simultaneous equation models proposed by [48] as referenced in [49]. This approach allows for a more comprehensive analysis of the system's behavior and provides valuable insights into the effects of random disturbances on the variables under examination.…”

Section: Unit Root and Cointegration Testsmentioning

confidence: 99%

Water–Energy–Milk Nexus: Empirical Evidence from Saudi Arabia

Elzaki,

Al-Mahish,

Alzahrani

2024

Water

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Dairy farming plays a crucial role in Saudi Arabia’s agricultural industry. However, the intensive milk production process exerts pressure on local water and energy resources. This study aims to examine the impact of water stress and renewable energy consumption shocks on milk production in Saudi Arabia by using data from 2000 to 2021. The empirical analysis used the VAR model, Granger causality, forecast error variance decompositions (FEVDs), and impulse response functions (IRFs). The presence of a negative significant interdependence between total milk production and water stress levels in agriculture was observed. Significant bidirectional causality relationships among the variables were noted. The FEVD results show that water stress levels in agriculture are becoming a more dominant driver of variations in total milk production in Saudi Arabia, while the empirical evidence of the IRFs implies that milk production increases when both water stress levels and renewable energy are present. The adoption of water recycling and reuse systems on dairy farms can help farmers to improve water use efficiency. The encouragement of decision makers to formulate policies to support sustainable water resource management, reduce environmental impact, accelerate technological advancements, and initiate positive socioeconomic outcomes for the dairy industry is highly recommended.

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Section: Unit Root and Cointegration Testsmentioning

confidence: 99%

Water–Energy–Milk Nexus: Empirical Evidence from Saudi Arabia

Elzaki,

Al-Mahish,

Alzahrani

2024

Water

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“…In the Nigerian context, inward FDI is reasoned to have negative effect on economic growth (Adelegan, 2000) while others found no significant positive impact of FDI on economic growth (Akinlo, 2004;Ehigiamusoe & Lean, 2019;Temiz, Gökmen, & Abubakar, 2015). Temiz et al (2015) adopted the Johansen Cointegration method while Ehigiamusoe and Lean (2019) utilised the Autoregressive Distributed Lagged (ARDL) model to arrive at a similar conclusion. However, Adeniyi, Omisakin, Olusegun, Egwaikhide, and Oyinlola (2012) are of the view that the effect of FDI on economic growth in developing countries is subject to the degree of financial sophistication of the host country.…”

Section: Asian Economic and Financial Reviewmentioning

confidence: 99%

Untitled

2020

Asian Economic and Financial Review

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Most of the Nigerian government's transformation agenda is geared toward creating and enabling business environments to attract foreign direct investment. Opinions are divided as to the impact of foreign investment on trade and this researcher believed it could be either positive or negative. Hence, this research is to ascertain the magnitude of foreign investment's impact on Nigeria's bilateral trade. Integrating foreign direct investment in the gravity model, we applied the PPML technique because of its robustness and ability to recognise zero trade. We segregated foreign investment into three-flow, stock and its annual growth. Our estimation revealed that foreign direct investment stock impacts negatively on bilateral trade flow in Nigeria for both exports and imports and it is robust with the overall sample. Exporters' foreign direct investment inflow was also revealed to have an impact on bilateral trade in Nigeria. But in all ramifications the magnitude of the negative impact is relatively small but statistically significant reflecting that trade and inward foreign investment are at least substitutes. Nigeria should further encourage inward foreign investment to further stimulate economic growth and aid in creating import substitution. Contribution/ Originality: This study uses new estimation methodology and the model to determine the impact of foreign direct investment (FDI) on Nigeria's trade development. The impact of FDI was measured from three perspectives; stock, flow and growth. The paper revealed there is a robust and statistically significant negative effect of FDI on trade, though very negligible.

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Section: Asian Economic and Financial Reviewmentioning

confidence: 99%

The Consequences of Foreign Direct Investments in Redefining Bilateral Trade Flow in Nigeria: A Gravity Panel Approach

Muhammad

Diyoke

Azu

2020

5002

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Most of the Nigerian government’s transformation agenda is geared toward creating and enabling business environments to attract foreign direct investment. Opinions are divided as to the impact of foreign investment on trade and this researcher believed it could be either positive or negative. Hence, this research is to ascertain the magnitude of foreign investment’s impact on Nigeria’s bilateral trade. Integrating foreign direct investment in the gravity model, we applied the PPML technique because of its robustness and ability to recognise zero trade. We segregated foreign investment into three-flow, stock and its annual growth. Our estimation revealed that foreign direct investment stock impacts negatively on bilateral trade flow in Nigeria for both exports and imports and it is robust with the overall sample. Exporters’ foreign direct investment inflow was also revealed to have an impact on bilateral trade in Nigeria. But in all ramifications the magnitude of the negative impact is relatively small but statistically significant reflecting that trade and inward foreign investment are at least substitutes. Nigeria should further encourage inward foreign investment to further stimulate economic growth and aid in creating import substitution.

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Foreign Direct Investment and Its Impact on Economic Performance: The Case of Turkey and Nigeria

Cited by 3 publications

References 43 publications

Water–Energy–Milk Nexus: Empirical Evidence from Saudi Arabia

Water–Energy–Milk Nexus: Empirical Evidence from Saudi Arabia

Untitled

The Consequences of Foreign Direct Investments in Redefining Bilateral Trade Flow in Nigeria: A Gravity Panel Approach

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